In year 3, the GDP deflator is 136. The inflation rate between year 2 and year 3 is Quantity Quantity Product Price (Year 1) Price (Year 2) (Year 1) (Year 2) Cars 50 25 100 30 Homes 10 50 15 60 Cheeseburgers 100 150 Cheese 50 2 75 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 18.0% 15.0% 13.3% d. 28.84%

Q: Inflation is measured as         A. CPIt cmopared to CPIbase       B. (CPI2-CPI1)/CPI1 x 100…

A: CPI is measured using fixed basket of goods.

Q: In a specified year, nominal gross domestic product grew by 12 percent and real gross domestic…

A: Nominal GDP growth rate= Real GDP growth rate+ Inflation rate  Here; Nominal GDP growth rate = 12%…

Q: In computing the consumer price index (CPI), a base year is chosen. Which of the following…

A: The Consumer Price Index measures the overall change in consumer prices over time based on a…

Q: Over the last 10 years, the average rate of inflation has been 1.61%. what is the purchasing power…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: The cost of a NYC studio apartment was $1,200 in the year 2000. By 2022 the same apartment would…

A: Inflation rate is the rate at which the average general price level of goods and services rises over…

Q: Inflation The consumer price index (CPI) of a certain country s given by I(t) = -0.02t³ + 0.4² +126…

A: We have  given CPI equation for t=0, 1, 2, 3 and 4

Q: In computing the consumer price index (CPI), a base year is chosen. Which of the following…

A: The price index is described because the relative prices of products and services in a specific…

Q: Price     Quantity                  Price     Quantity Car           $100       400…

A: P2015 Q2015 P2017 Q2017 P2018 Q2018 Car 100 400 130 420 150 450 Rice 25 2000 30 2005 32 2100…

Q: If during April 2020, The CPI was equal to 256.4 then during is base year it was:?…

A: Consumer price index(CPI): - it is a measure of change in the price level, it measures the change in…

Q: Quantitiy 4 2 2019 Price 1,5 1,5 4 Quantitiy 2020 Price 2,5 4 1 Quantitiy 4 2021 Price 3 1,5 2,5…

A: the GDP deflator is described as a measure of the level of prices of all new, domestically…

Q: Using the following information, calculate the inflation rate Year Price  Quantity  Price  Quantity…

A: CPI index = (current price value of basket/price value of basket in the base year) x100

Q: Assume that the retail price index (RPI) for the UK was 100 in January 1950 and 3246 in January…

A: Macroeconomics is a part of economics that deals with production, decision and allocation concerning…

Q: Suppose that before the end of the year a typical consumer purchased 125 apples, 60 bananas, and 85…

A: The consumer price index measures the overall cost of the goods and services bought by a typical…

Q: Price of wine Price of coffee 2021 $5 $5 2022 $9 $6 Assuming that wine and coffee…

A: Inflation basically refers as the rate at which prices rise over time. Inflation is usually defined…

Q: Study the associated figure. Adjusted for​ inflation, during which years during the period shown did…

A: According to the graph, in year 1950 to 1952, the actual price of gas per gallon was lowest. But,…

Q: alculate the inflation rate from 2020 to 2021 if the index number in 2020 was 145 and increased to…

A: Given   Index number in 2020 =145 Index number in 2021 =152 Formula to calculate the inflation rate…

Q: In year 3, the GDP deflator is 136. The inflation rate between year 2 and year 3 is ETTIT Quantity…

A: Inflation refers to the general increase in the price level. The GDP deflator is one of the measures…

Q: The price of oil in 2005 was $3,350 per barrel. “This price is still lower than the price of oil in…

A: Inflation rate tells us about the change in prices over a time period. For example , an inflation…

Q: The consumer price index was 158.6 in 1999 and 166.2 in 2000. Therefore, the rate of inflation in…

A: The inflation is the rise in the aggregate price level. The inflation would result in a rise in the…

Q: What is the inflation rate between 2006 and 2007? Quantity Price Price Quantity (2007) Item (2006)…

A: Inflation Rate is the measure to determine the overall increase in the prices of the goods and…

Q: Clothing R 30 Food Entertainment 2021 Price R 125 R5 2021 Quantity 45 15 8. 2022 Price R 140 R 45 R8…

A: Formulas: 1. CPI = (Cost of basket of goods in current year / Cost of basket of goods in base year)…

Q: The Consumer Price Index (CPI) of one particular country can be modeled by I(t) =-0.043f3+0.99t²…

A: We are going to calculate Consumer Price Index and Inflation rate to answer this question.

Q: The total price of purchasing a basket of goods in the United Kingdom over four years is: year 1 =…

A: A consumer price index measures changes in the price level of a weighted average market basket of…

Q: or the 1974-1975 academic year, the annual tuition of Memphis' was $1,500. The current tuition of…

A: Here, we calculate the given as follow;

Q: 2019                           2020 Commodities            Price       Quantity        Price…

A: Nominal GDP (NGDP) = sum of (Current year price x Current year quantity) Real GDP (RGDP) = sum of…

Q: Refer to the table given. If 2010 is the base year, the inflation rate between 2010 and 2011 is…

A: Option (D).

Q: If the CPI was 106 in 2013 and 116 in 2014, the inflation rate in 2014 was: (a) 106%; 20 2020 (b)…

A: If the CPI was 106 in 2013 and 116 in 2014, the inflation rate in 2014 was- (a) 106%;(b) 116%;(c)…

Q: The price of gold (end-of-year closing price in dollars per troy ounce) is shown in the table below.…

A: The following problem has been solved as follows:

Q: What is the inflation rate from 2010 to 2011 if CPI2010 = 150.3 and CPI2011 = 155.5 ?

A: Inflation rate =((CPI of the year -CPI of last year)/CPI of last year)*100 Inflation rate between…

Q: The price index was 220 in one year and 238.2 in the next year. What was the inflation rate? a) 8.3…

A: Answer; Correct option is (a)

Q: The CPI for November 2014 was 237.067. The CPI of December 2014 was 236.284. What is the inflation…

A: Inflation rate can be calculated as :  (Ending CPI level - Beginning CPI level) / Beginning CPI…

Q: Given the following information Year Cost of a Basket of Goods 2019 $8 2020 $14 2021 $20 Use the…

A: In the field of economics, inflation is generally defined as the increase in the price level in the…

Q: A basket of goods and services $340 in the year 2015, $350 i assume the base year is 2015. The…

A: Inflation refers to the general increase in the price level of goods and services in an economy. It…

Q: Problem 1: Consider an economy that produces only chocolate bars. In year 1, the quantity produced…

A: Answer: Note: since no specific method is given here GDP deflator will be used to calculate the…

Q: Suppose that you work at a local food manufacturer and are given the task of investigating your…

A: Given; Seasonal sales averages:- Spring:- 39 Summer:- 46 Fall:- 30  Winter:- 21 Winter sales in…

Q: The table below lists Mistania’s index numbers for its typical consumer’s market basket between 2008…

A: The inflation rate refers to the rate at which the price level in the economy increases resulting in…

Q: Calculate the GDP Deflator in year 2 from in the previous question (it turns out you should get…

A: Inflation rate between year 2 and 3 can be calculated as follows:

Q: If the consumer price index and inflation are currently 214.9 and 8.4%/year.respectively, what was…

A: The inflation rate can be calculated by using the following formula:

Q: A bank offers an annual 20% interest rate on time deposits. If the annual inflation rate is 159%6,…

A: here we calculate the real interest rate which are as follow-

Q: Inflation The consumer price index (CPI) of a certain country is given by I(t) = -0.02t³ + 0.4² +126…

A: Given CPI equation,  I(t) = -0.02t3 +0.4t2 +126 for  t = 0, 1, 2, 3, and 4

Q: Suppose the CPI last year is 121 and the CPI this year is 137. The CORRECT method to calcufate the…

A: A continuous increase in the general price level is referred to as inflation.

Q: Calculative an Inflation Rate. A country reports a price index of 55 in 2005 and 60 in 2006. What is…

A: Inflation rate is the economic variable which represents the rise in the general price level in the…

Q: The Consumer Price Index​ (CPI) is currently published with a reference value of 100 for the years​…

A: The consumer price index (CPI) is an indicator that measures the average change in prices paid by…

Q: Can you please explain this quesion you just went to work for a company and are asked to determine…

A: Annual Nominal Sales 2000 : $500,000 Annual Nominal Sales 2013 : $600,000

Q: The following figures represent the CPI indices (base period 1982–1984 = 100) for urban consumers in…

A: Consumer Price Index: It refers to the price index under which prices are taken into consideration.…

Q: The CPI in 2020 was 136.2 and the CPI in 2021 was 140.1. The rate of inf etween 2020 and 2021 was…

A: Consumer price index measures the overall cost of market basket of goods and services purchased by a…