Consider the table below.  Year CPI CPI Inflation Real GDP Nominal GDP GDP Deflator GDP Inflation 2005 92.65 x 4159.10 3833.00 92.1593614 x 2006 100.00 a 4409.10 d 100.00 8.51 2007 b 11.05 5281.47 6098.33 115.47 e 2008 122.59 c f 7740.73 129.37 12.04 Based on the values of the table, what is the correct value for c ? (Please round your answer to include 2 decimal places

Q: The Consumer Price Index (CPI) another country can be modeled by I(t) = -.078t³ + 0.95t? + 1.32t +…

A: CPI is a measure of the average change over time in the prices paid by urban consumers for a market…

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A: The GDP deflator monitors price changes across all goods and services produced in a nation.The GDP…

Q: If the nominal GDP is $118 and the current price index is $115 find the real GDP

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A: GDP Deflator = Nominal GDP / Real GDP * 100 Inflation rate = Percentage increase in GDP deflator

Q: Because there isn't one single measure of inflation, the government and researchers use a variety of…

A: CPI and GDP deflators will be examined in the ensuing discussion. While the GDP deflator considers…

Q: Calculate the rate of inflation if the CPI for 2016 is 147 and the CPI for 2017 is 154

A: The information being given to us is as follows:- CPI for 2016 = 147 CPI for 2017 = 154  We have to…

Q: Change in GDP deflator: 36% Change in CPI : 35.0003% Although both GDP deflator and CPI are both…

A: GDP deflators refers to the measure of prices of newly produced goods and services in the economy in…

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Q: Nominal GDP 2018 is $24,200. What is the "real" 2018 GDP measure in 2012 prices if the 2018 price…

A: Given data: Nominal GDP of 2018 is $24200. Price index in 2018 is 1.05

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A: NOTE: Since you have asked a question with multiple sub-parts we will be answering only the first…

Q: In 1990 the Consumer Price Index (CPI) was 150.  Today, the Consumer Price Index (CPI) is 250.…

A: Given Information: Current CPI = 250 Past CPI = 150      Inflation Rate = Current CPI – Past CPIPast…

Q: Exercise 4.1 You have the following annual data for an economy: Consumer price index (2007=100) Year…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: 2009 Quantity 2009 Price 2010 Quantity 2010 Price (base year) Food 2.5 2.5 5 Entertainment 2 Clothes…

A: We have the following information-   2009 Quantity 2009 Prices(base year) 2010 Quantity 2010…

Q: Years 2011 2013 42,511 48,722 49,392 46,285 106 2012 2014 Nominal GDP 109.1 Consumer Price Index…

A: The following problem has been solved as follows:

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A: Formulas: Nominal GDP = Price of commodities in current year * Quantities of commodities in current…

Q: The following prices and quantities produced were recorded in computer land during the years shown…

A: GDP deflector=nominal GDPreal GDP×100

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A: Year CPI (2005=100) CPI (2014=100) 2012 102.3   2013 110.5 99.8 2014 111.3 100.0 2015…

Q: Suppose the CPI in the Year 2019 is 100. In 2019 consumers spent 50% of their income on food, 20% on…

A: We are going to use hypothetical values of prices and quantities to answer this question.

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A:

Q: Please explain how the Consumer Price Index (CPI) is calculated and critically evaluate its merits…

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A: Given: The base year is 2017. Years Price of Apples ($) (PA) Quantity of Apples (QA) Price…

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A: Formula for GDP price indexGDP Deflator=Nominal GDPReal GDP ×100 where Nominal GDP is the market…

Q: Nominal GDP 2018 = $24,200 What is the “real” 2018 GDP measure in 2012 prices if the 2018 price…

A: Real GDP in 2018= Nominal GDP in 2018/ Price index Nominal GDP would be based on current prices…

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A: A price index number is a macroeconomic measure that compares a series of prices in different time…

Q: The table below contains data for the country of Batterland, which produces only waffles and…

A: Waffles Pancakes Year Price Quantity  Price Quantity  2010 $9 45 $2 200 2011 $10 50 $3 230…

Q: Consider the table below. CPI Year CPI Real GDP Nominal GDP GDP Deflator GDP Inflatio Inflation 2005…

A: CPI inflation in 2007 = 8.30 CPI of 2007 = a CPI of 2006 =100 -------------------- CPI inflation =…

Q: Using the following information about the CPI for an economy, what is the inflation rate for 2010?…

A: Inflation rate = CPIt- CPIt-1CPIt×100   where t is current year t-1 is previous year   Real Interest…

Q: In​ Brazil, the reference base period for the CPI is 2000.   By​ 2005, prices had risen by 51…

A: The given information:Base period is 2000In 2005 price  increases by 51%Brazil inflation rate in…

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A: Here, information related to GDP inflation and GDP deflator is given for different years.

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A: Percentage change = [[New value - Initial value] / Initial value] * 100

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A: 1) Consumer price index measures the average prices of goods and services in the economy using a…

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A: "Since you have asked multiple questions, we will solve the first one for you. If you want any…

Q: 1. In Canada, the reference base period for the CPI is 2002. By 2014, prices had risen by 25.2…

A: Hello, thank you for the question. Since there are multiple questions posted here, as per the policy…

Q: The following Table 2 gives the consumer price index from year 2012 to 2017. Table 2 Year CPI…

A: Consumer price index is used for calculating inflation in the country. It shows the weighted average…

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A: Center inflation is the modification of labor and product costs, but it does not include food and…

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Q: Product Quantity Base Year Price (2001) Price (2018) Price (2019) Baseball 10 $1.00 $1.50…

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Q: In 2017, a certain tech company's revenue broke $100 billion for the first time. Suppose the revenue…

A: Deflated Revenue can be calculated as  Deflated Revenue = R x 100CPI  Here, R = RevenueCPI =…

Q: If the Nominal GDP is 120 and the real GDP is 100 find the level of price index

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A: Here we calculate the followings terms  by using the given information and conclude the answer , so…

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Q: Use the information in the table for Economy X to answer the following question. Year CPI 2016 723.1…

A: Inflation is calculated as follows; Subtracting  the past date CPI from the current date CPI and by…