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- Q2. Go to the Statistics Canada website https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501 to view the annual average Consumer Price Index for Canada. Change the Reference period years from 1999 to 2021 and click Apply to see the updated data table. Answer the following questions and provide data and calculations where necessary. Calculate the rates of inflation between 2018-2019 and 2020-2021. Round your answer to two decimal places.The basket of goods in the Consumer Price Index consists ofabout _________ products; that is, several hundred specific products in over__________ broad-item categories. a)800; 200 b)80,000; 400 c)200; 800 d)80,000; 200When a nominal value is unchanged it must be true that prices have remained unchanged. Select one: True False
- Analyze the inflation Rate chartIf inflation rises unexpectedly by 5%, indicate foreach of the following whether the economic actor ishelped, hurt, or unaffected:a. A union member with a COLA wage contractb. Someone with a large stash of cash in a safedeposit boxc. A bank lending money at a fixed rate of interestd. A person who is not due to receive a pay raise foranother 11 monthsThe attached table gives the purchases of a typical consumer in Colorado Springs. These consumers purchase only restaurant meals and parking. The year 2010 is the reference base period. Is there inflation, deflation, or no change in prices in Colorado Springs from 2010 to 2011?
- Last year a movie ticket cost $10. Now a movie ticket cost $12. Which of the following best describes this economic condition? deflation inflation stagflation hyper-inflationWhat is the projection of the BSP regarding the inflation in the coming months?The table below represents the goods that are produced by Siri bread and water are used by the citizens of the city half of all plows are used by the city Council while the rest are used by citizens metal is used to produce plows and Nothing More when necessary use 2013 as the base year the typical consumer buys 10 bread 100 water and two plows.a. Calculate the inflation fir all adjacent years