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Exer 9A. In 2010, NEDA decided to add Service F in the basket of products for CPI computation Assume that % of Expense remains the same for 10 yrs. Weighted Consumer Expense Goods/ % of Mo. Exp. Base Year Service of Household Current Prices 2011 2020 Base Year 2010 Current Prices 2011 2020 2010 A 0.30 1400 1500 2000 B 0.30 1800 1900 2400 C 0.20 2200 2300 2700 D 0.10 180 180 180 0.05 280 290 300 0.05 400 410 440 1.00 6260.00 CP(Wtd.Consumer Price) 1452.00 n(No. of yrs) CPI (CPn/CPO) fainf-(CPn/CPO)1/-1 To Check:100*(1+f)^n 100.0 E F 105.6 131.9 Exer 9B. Computing Real Prices using f Ave.annual fon yr.n, fn 0.056 Goods/ Service Base Year Current Prices 2010 2011 Real Prices(using same fn) 2011 2020 A B с D E F 1452.00 1452.00 1 G 200 H 100 JJJJ 210 105 2020 Total= n= 250 120 0.028 1452.00 10 Exer 9C. Given the ff. info, fill out the yellow cells. Ave annual inflation rate from 2010 to 2019 PHL population as of 2020 Exports of goods and services Government final consumption expenditure Gross capital formation. Household final consumption expenditure Imports of goods and services Net primary income from the rest of the world Gross Domestic Product Gross National Income Per Capita GNI GNI (Real prices, 2010) Expense in PM 0.03 110,000,000 4518390 2740783 3118277 13478489 5917357 1381265

Exer 9A. In 2010, NEDA decided to add Service F in the basket of products for CPI computation Assume that % of Expense remains the same for 10 yrs. Weighted Consumer Expense Goods/ % of Mo. Exp. Base Year Service of Household Current Prices 2011 2020 Base Year 2010 Current Prices 2011 2020 2010 A 0.30 1400 1500 2000 B 0.30 1800 1900 2400 C 0.20 2200 2300 2700 D 0.10 180 180 180 0.05 280 290 300 0.05 400 410 440 1.00 6260.00 CP(Wtd.Consumer Price) 1452.00 n(No. of yrs) CPI (CPn/CPO) fainf-(CPn/CPO)1/-1 To Check:100*(1+f)^n 100.0 E F 105.6 131.9 Exer 9B. Computing Real Prices using f Ave.annual fon yr.n, fn 0.056 Goods/ Service Base Year Current Prices 2010 2011 Real Prices(using same fn) 2011 2020 A B с D E F 1452.00 1452.00 1 G 200 H 100 JJJJ 210 105 2020 Total= n= 250 120 0.028 1452.00 10 Exer 9C. Given the ff. info, fill out the yellow cells. Ave annual inflation rate from 2010 to 2019 PHL population as of 2020 Exports of goods and services Government final consumption expenditure Gross capital formation. Household final consumption expenditure Imports of goods and services Net primary income from the rest of the world Gross Domestic Product Gross National Income Per Capita GNI GNI (Real prices, 2010) Expense in PM 0.03 110,000,000 4518390 2740783 3118277 13478489 5917357 1381265

Principles of Economics 2e
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 35P: With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years?...
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Fill in the missing cells. Kindly show the complete solution. PLEASE ANSWER NUMBER 3 ONLY.
Exer 9A. In 2010, NEDA decided to add Service F in the basket of products for CPI computation Assume that % of Expense remains the same for 10 yrs. Weighted Consumer Expense. Goods/ % of Mo. Exp. Base Year Base Year Current Prices 2020 Current Prices 2011 2020 Service of Household 2010 2010 A 0.30 1400 1500 2000 B 0.30 1800 1900 2400 с 0.20 2200 2300 2700 D 0.10 180 180 180 E 0.05 280 290 300 F 0.05 400 410 440 1.00 6260.00 CP(Wtd.Consumer Price) 1452.00 n(No. of yrs) CPI-(CPn/CPO) f-inf (CPn/CPO)1/-1 To Check:100*(1+)^n 100.0 2011 105.6 131.9 Exer 9B. Computing Real Prices using f Ave.annual fon yr.n, fn 0.056 0.028 Goods/ Service Base Year Current Prices 2010 2011 Real Prices(using same fn) 2011 2020 A B с D 1452.00 1452.00 1 200 100 E F G H 210 105 2020 Total= n= 250 120 1452.00 10 Exer 9C. Given the ff. info, fill out the yellow cells. Ave annual inflation rate from 2010 to 2019 PHL population as of 2020 Exports of goods and services Government final consumption expenditure Gross capital formation Household final consumption expenditure Imports of goods and services Net primary income from the rest of the world Gross Domestic Product Gross National Income Per Capita GNI GNI (Real prices, 2010) Expense in PM 0.03 110,000,000 4518390 2740783 3118277 13478489 5917357 1381265
Transcribed Image Text:Exer 9A. In 2010, NEDA decided to add Service F in the basket of products for CPI computation Assume that % of Expense remains the same for 10 yrs. Weighted Consumer Expense. Goods/ % of Mo. Exp. Base Year Base Year Current Prices 2020 Current Prices 2011 2020 Service of Household 2010 2010 A 0.30 1400 1500 2000 B 0.30 1800 1900 2400 с 0.20 2200 2300 2700 D 0.10 180 180 180 E 0.05 280 290 300 F 0.05 400 410 440 1.00 6260.00 CP(Wtd.Consumer Price) 1452.00 n(No. of yrs) CPI-(CPn/CPO) f-inf (CPn/CPO)1/-1 To Check:100*(1+)^n 100.0 2011 105.6 131.9 Exer 9B. Computing Real Prices using f Ave.annual fon yr.n, fn 0.056 0.028 Goods/ Service Base Year Current Prices 2010 2011 Real Prices(using same fn) 2011 2020 A B с D 1452.00 1452.00 1 200 100 E F G H 210 105 2020 Total= n= 250 120 1452.00 10 Exer 9C. Given the ff. info, fill out the yellow cells. Ave annual inflation rate from 2010 to 2019 PHL population as of 2020 Exports of goods and services Government final consumption expenditure Gross capital formation Household final consumption expenditure Imports of goods and services Net primary income from the rest of the world Gross Domestic Product Gross National Income Per Capita GNI GNI (Real prices, 2010) Expense in PM 0.03 110,000,000 4518390 2740783 3118277 13478489 5917357 1381265
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