Use the inflation indices table shown below to make the below listed conversions. Show all work below. The Base Year is 2012. Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 + Inflation Rate (%) 2.80 3.10 2.70 2.40 1.50 0.80 2.00 1.80 2.10 1.90 From $2000 (CY10$) $2500 (TY07$) $3000 (CY07$) $1000 (TY11$) TY 14$ To CY13$ CY14$ TY13S Raw Index 0.8682 0.8951 0.9192 0.9413 0.9554 0.9631 0.9823 1.0000 1.0210 1.0404 Answer Weighted Index 0.9003 0.9253 0.9469 0.9612 0.9749 0.9971 1.0210 1.0409 1.0610 1.0812 Budget Index 0.8649 0.8889 0.9096 0.9234 0.9366 0.9579 0.9809 1.0000 1.0193 1.0386

Use the inflation indices table shown below to make the below listed conversions. Show all work below. The Base Year is 2012. Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 + Inflation Rate (%) 2.80 3.10 2.70 2.40 1.50 0.80 2.00 1.80 2.10 1.90 From $2000 (CY10$) $2500 (TY07$) $3000 (CY07$) $1000 (TY11$) TY 14$ To CY13$ CY14$ TY13S Raw Index 0.8682 0.8951 0.9192 0.9413 0.9554 0.9631 0.9823 1.0000 1.0210 1.0404 Answer Weighted Index 0.9003 0.9253 0.9469 0.9612 0.9749 0.9971 1.0210 1.0409 1.0610 1.0812 Budget Index 0.8649 0.8889 0.9096 0.9234 0.9366 0.9579 0.9809 1.0000 1.0193 1.0386

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 37P: Rosalie the Retiree knows that when she retires in 16 years, her company will give her a one-time...

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