Compute 2 measures for inflation rate (%) from 2013 to 2021 (over 8 years, not annual rate): one based on GDP deflator and the other based on CPI.   GDP Deflator CPI Inflation rate (Base Year = 2013)     Which inflation rate seems to overstate inflation? (i) the one based on GDP deflator (ii) the one based on CPI

Compute 2 measures for inflation rate (%) from 2013 to 2021 (over 8 years, not annual rate): one based on GDP deflator and the other based on CPI.   GDP Deflator CPI Inflation rate (Base Year = 2013)     Which inflation rate seems to overstate inflation? (i) the one based on GDP deflator (ii) the one based on CPI

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 3.7P

See similar textbooks

Similar questions

Rosalie the Retiree knows that when she retires in 16 years, her company will give her a one-time payment of 20,000. However, if the inflation rate is 6 per year, how much buying power will that 20,000 have when measured in todays dollars? Hint: Start by calculating the rise in the price level over the 16 years.
With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years? Draw a graph to show the data.
Compute the inflation rate for fruit prices from 2001 to 2004.
Table 22.4 shows the fruit prices that the typing college student purchased from 2001 to 2004. What is the amount spent each year on the basket of fruit with the quantities shown in column 2?
3. Calculate the Inflation rates, evaluate the rates during the years and between the years. Discuss the Implications. Year/MonthJune(CPI)December (CPI)Inflation Rates 2016 (CPI)326.25 425.65? 2017 (CPI)430.20 629.60 ? 2018 (CPI)550.50 770.00? Inflation Rates? ? ? ?
The consumer price index (CPI) is a fixed-weight index. It compares the price of a fixed bundle of goods in one year with the price of the same bundle of goods in some base year. Calculate the price index of a bundle containing 100 units of good X, 150 units of good Y, and 25 units of good Z in 2018, 2019, and 2020. Calculate the percentage change in index between 2018 and 2019 and again between 2019 and 2020. What is rate of inflation/deflation between 2019 and 2020? GOOD QUANTITY CONSUMED 2018 PRICES 2019 PRICES 2020 PRICES X 100 Rs. 10.00 Rs.10.50 Rs. 10.75 Y 150 Rs. 10.50 Rs. 20.00 Rs. 20.00 Z 25 Rs. 30.00 Rs. 30.25 Rs. 30.00 In each case of following cases, does the increase in prices affect CPI, GDP deflator, or both in Pakistan? Analyze and Justify your answer. (Maximum 150 words) The price of imported Belgian chocolate has increased. The price of imported equipment used in industrial level ice-cream production has…
(3) Find the trend of a country using the provided CPI based inflation rates Year Inflation rate (%) a Stagflation b Disinflation C Deflation d 2017 2 Creeping inflation 2016 5 2015 6 2014 7 2013 9
b. Calculate the inflation rate for Minnesota between 2021 and 2022. California Energy Electricity Gasoline Natural Gas A Prices 2021 $0.2387 $4.44 $18.19 2022 $ 0.2614 $5.23 $ 20.34 Quantity 6684 kWh 437 gallons 54.78 "thousand cubic feet"
Year 2019 2020 2021 CPI 195 200 190 Show your work. The inflation rate from 2020 to 2021 = %.
The data below are from the economies of Ishgandar and Nonburmia. Please help with question d. Question c included for context. Ishgandar Nonburmia Year Population GDP Deflator Nominal GDP Year Population GDP Deflator Nominal GDP 1 5 100 $200 1 10 100 $300 2 5 125 $375 2 10 110 $440 (c) Calculate each of the following in Year 2. Show your work. (i) The inflation rate in Ishgandar (ii) The inflation rate in Nonburmia (d) Based on your answer to part (c), if the nominal interest rate is the same for both economies in Year 2, which economy experiences the higher real interest rate in Year 2 ? Explain.
Inflation Question Use the following consumer data for housing, energy, and food purchased in the year(s) 2017, 2018, and 2019 in Macroland. Show your work. The base year 2018. E E E Price in 2017 Price 2018 Price 2019 Housing $22,000.00 $22,500.00 $28,000.00 Energy $20,000.00 $21,000.00 $21,200.00 Food $12,000.00 $12,600.00 $13,000.00 а. Calculate the CPI (Consumer Price Index) for 2018. Please interpret the result. b. Calculate the CPI for 2019. Please interpret the result. с. What is the inflation rate between 2017 and 2018? 6 d. What is the inflation rate between 2017 and 2019? II е. What is the inflation rate between 2018 and 2019? f. Calculate the growth rate of the price of housing from 2017 to 2018. g. Comparing housing and food, which is relatively more expensive, 2017 or 2018? Why? ...