Table 1 Quantity Price Quantity Price Item 1990 1990 1991 1991 Coffee 10 ‒‒‒‒ 8 $50 Sugar 20 $1 15 $2 Refer to table 1 to answer the below question. In 1990, consumers in Dexter consumed only Coffee and Sugar. The prices and quantities for 1990 and 1991 are listed in table 1. The reference base period for Dexter's is 1990 and the Nominal GDP1990 was 320. Calculate the consumer price index (CPI) in 1991 * 59.37 134.37 168.75 118.75
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- How was 1.40331 calculated?Candy is a Year 4 full-time undergraduate student majoring in marketing at a private university inHong Kong and she is going to be graduated after the summer break. She has collected some datafrom the Student Careers and Affairs Office (SCAO) related to her job planning.According to the graduate employment surveys conducted for the last two years by the privateuniversity, the average salary earned by the graduates of her programme is constant at around$14,000. Actually, Candy is quite disappointed.In view of this, Candy is considering to participate in an one-year internship program launched by theSCAO after her graduation. In other words, she would enter the job market “formally” one year laterif she joins the internship program. Finally, with the help of the SCAO, she could get an internshipoffer from a famous marketing company in Hong Kong. The monthly salary provided by the companyis $12,000 while a good reference letter would be prepared for the interns completing the…G.283.
- pls show full workingGovernment financial statistics do not use definitions and concepts of SNA Question 2Answer True FalseSuppose that you work for a U.S. senator who is contemplating writing a bill that would put a national sales tax in place. Because the tax would be levied on the sales revenue of retail stores, the senator has asked you to prepare a forecast of retail store sales for year 8, based on data from year 1 through year 7. The data are: (c1p2) Year Retail Store Sales 1 $1,225 2 1,285 3 1,359 4 1,392 5 1,443 6 1,474 7 1,467 54 Chapter One a. Use the first naive forecasting model presented in this chapter to prepare a forecast of retail store sales for each year from 2 through 8. b. Prepare a time-series graph of the actual and forecast values of retail store sales for the entire period. (You will not have a forecast for year 1 or an actual value for year 8.) c. Calculate the root-mean-squared error for your forecast series using the values for year 2 through year 7. 3. Use the second naive forecasting model presented in this chapter to answer parts (a) through (c) of Exercise 2. Use P 0.2 in…
- The Consumer Price Index (CPI) is currently published with a reference value of 100 for the years 1982-1984. Suppose the CPI was recalculated with 1994 as the reference year. What would the CPI for 2002 be? Why? Group of answer choices The CPI would be the same (179.9) as it is with 1982-1984 as the reference period because the new index is equal to 100. The CPI would be greater than 179.9, because the new index is greater than 100. The CPI would be greater than 179.9, because the new index is less than 100. The CPI would be less than 179.9 because the new index is greater than 100.The table given below reports the price of soda over four consecutive years.Table 5.7 Price Data Year Base-Year Soda Price Current Soda Price 1 (base year) $0.30 $0.30 2 $0.30 $0.45 3 $0.30 $0.55 4 $0.30 $0.65 Refer to Table 5.7. Compute the price index for the third year. Group of answer choices 100 150 130 118 183From the data calculate the NDP at FC. Wages and salaries are 700 dollars, rent 100 dollars, depreciation $50, subsidies $100.