7. The consumer price index (CPI) is a fixed-weight index. It com- pares the price of a fixed bundle of goods in one year with the price of the same bundle of goods in some base year. the price of a bundle containing 100 units of good X, 150 units of good Y, and 25 units of good Z in 2008, 2009, and 2010. Convert the reSults into an index by dividing each bundle price figure by the bundle price in 2008. Caleulate the percentage change in your index between 2008 and 2009 and again between 2009 and 2010. Was there inflation between 2009 and 2010? Calculate

A typical family on Sandy Island consumes only juice and cloth. Last year, which was the base year, the family spent $40 on juice and $20 on cloth. In the base year, juice was $4 a bottle and cloth was $5 a length. This year, juice is $8 a bottle and cloth is $2.5 a length. Calculate   a. The CPI basket.   b. The CPI in the current year.   c. The inflation rate in the current year. I'm not sure if the final answer is 50 or -50, please help by showing the steps. Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote

In 2012 the nominal value for household spending on food and beverages was equal to $17593m and in 2021 it was $23888m.  Using the most appropriate price index from the list below, calculate the percentage change in real household spending on food and beverages from 2012 to 2021 and answers the questions below.                                                                                       2012             2021CPI (Food)                                                                    961              1057CPI (All groups)                                                           949              1068PPI (Outputs - Food manufacturing)                     1031               1171Import price index (food and beverages)              1436               1306 The percentage change in nominal household spending on food and beverages is equal to?

1