Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table 3-2 to measure the consumer price index for 2019, 2020 and 2021 respectively. Show your calculations and round off to two decimal places.
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Year | Cost of basket (R) of consumer goods / services |
Base Year 2018 | 1850 |
2019 | 2190 |
2020 | 2380 |
2021 | 2560 |
Use the information in Table 3-2 to measure the
for 2019, 2020 and 2021 respectively.
Show your calculations and round off to two decimal places.
Step by step
Solved in 2 steps
- Year (Base year) Q.3.2.1 2018 2019 2020 Cost of a basket (R) of consumer goods/services 1850 2190 2380 2021 Use the information in Table 3-2 to measure the consumer price index for 2019, 2020 and 2021 respectively. Show your calculations and round off to two decimal places. 2560Year Cost of a basket (R) of consumer goods/services (Base year ) 2015 1850 2016 2190 2017 2380 2018 2560 Use the information in Table 3 to measure the consumer price index for 2016, 2017 and 2018 respectively. Show your calculations and round off to two decimal places. Show how gross national product (GNI) can be derived from gross domestic product (GDP). Explain, with the aid of an equation, the components of the consumption function. Explain the relationship between Investment spending and the interest rate.GIVE ME AN NUMBERS ( CALCULATE ) !!!!!!!!
- K Real-Time Data Analysis Exercise What Are Dollars from the Past Worth Today? Compare how many dollars are needed today to match the purchasing power of dollars in the past. The Consumer Price Index (CPI) for August 2023 was 306.269 and the CPI for August 1988 was 119.000. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis The value in August 2023 of $1,500 paid in August 1988 is $. (Round your response to two decimal places)Use a time series chart to display the data shown in the table. The table represents the percentages of the gross domestic product (GDP) of a country that comes from the manufacturing sector. Click the icon to view the gross domestic product data. Construct a time-series graph with the year on the horizontal axis and the percentage on the vertical axis. O A. 15 In 10++ 2000 2012 Q Q M GDP Percentage Data Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Print Percent 13.4% 13.4% 13.1% 12.7% 12.8% 12.7% 12.4% 12.0% 12.1% 12.0% 12.2% 12.3% Done O D. 15- PRILL W 10+ 2000 2012Typed and correct answer please. Consider the data shown below for the Canadian Consumer Price Index (CPI), drawn from the Bank of Canada's website. a. Compute the missing data in the table. (Round your responses to one decimal place.)
- The following graph shows the approximate value of the U.s. Consumer Price Index (CPI) from September 2004 through November 2005. CPI Sep 2004–Nov 2005 I(t) 202 200 198 196 194 192 190 + 188 →t 14 4 8 10 12 Sep-04 Jan-05 Nov-05 The approximating curve shown on the figure is given by I(t) = -0.005t³ + 0.12t2 – 0.01t + 190 (0 sts 14), where t is time in months since the start of September 2004. (a) Use the model to estimate the monthly inflation rate in January 2005 (t = 4). Recall that the inflation rate is I'(t) (Round your answer to three decimal places.) I(t) % (b) Was inflation slowing or speeding up in January 2005? O slowing down O speeding up (c) When was inflation speeding up? When was inflation slowing? (Use the model to determine this.) Inflation was speeding up prior to --Select--- v 2005 and slowing after --Select--- v 2005.hi how do u calculate these?The table below gives the price and consumption (usage/sales) for two products xand yfor four years. Using year 2000 as the base year calculate for each year, thea) Basic expenditure index b) Laspeyers price index, and c) Paasche price index
- using the data below can you answer the question: Month Sales Jan-16 747 Feb-16 697 Mar-16 1014 Apr-16 1126 May-16 1105 Jun-16 1450 Jul-16 1639 Aug-16 1711 Sep-16 1307 Oct-16 1223 Nov-16 975 Dec-16 953 Jan-17 1024 Feb-17 928 Mar-17 1442 Apr-17 1371 May-17 1536 Jun-17 2004 Jul-17 1854 Aug-17 1951 Sep-17 1516 Oct-17 1642 Nov-17 1166 Dec-17 1106 Jan-18 1189 Feb-18 1209 Mar-18 1754 Apr-18 1843 May-18 1769 Jun-18 2207 Jul-18 2471 Aug-18 2288 Sep-18 1867 Oct-18 1980 Nov-18 1418 Dec-18 1333 Jan-19 1333 Feb-19 1370 Mar-19 2142 Apr-19 2138 May-19 2078 Jun-19 2960 Jul-19 2616 Aug-19 2861 Sep-19 2237 Oct-19 2225 Nov-19 1590 Dec-19 1659 Jan-20 1613 Feb-20 1605 Mar-20 2349 Apr-20 2468…Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table to measure the consumer price indexfor 2019, 2020 and 2021 respectively.Show your calculations and round off to two decimal places. Show how gross national product (GNI) can be derived from gross domesticproduct (GDP). Explain, with the aid of an equation, the components of the consumptionfunction.Using your knowledge of price indexes, answer the following questions. (a) In a base year, what will the value of a price index always be? (b) If producers face rising costs of production, which price index will rise first? (c) Which price index captures changes in the largest variety of goods and services?