Assume the CPI Basket is made of 100 gums and 10 bikes. The table below shows prices of both goods over three years. (round to the nearest 2 decimal points. show all work) 2019 (base) 2020 2021 Gums $1 $1 $2 Bikes $200 $240 $260 (a) Find CPI in 2020 (b) Find CPI in 2021 (c) Find inflation in 2020 (d) Find inflation in 2021 %24

S12. The table below shows the price of a house in a specific region in the years 2015 through 2020 (in thousands of $).Year: 2015 2016 2017 2018 2019 2020Price: 81 82 83.5 85 87.5 91Check whether the increasing trend is actual, by removing the inflation effect, using the CPI (2010 base year):Year: 2015 2016 2017 2018 2019 2020CPI: 108 110 113 116 120 125

The table below presents some data on the federal minimum wage and the CPI for several years. Fill in the column for “minimum wage in 2020 $s." Year Minimum wage CPI Minimum wage in 2020 $s 1949 $0.40 23.8 1968 $1.60 34.8 1995 $4.25 152.4 2020 $7.25 259.1 2024 (proposed) $15 306 (projected) What was the 1949 minimum wage equivalent to in 2020 $s?

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The table shows the quantities of the goods Suzie bought and the prices she paid during two consecutive weeks Suzie's CPI market basket contains the goods she bought in Week 1. Calculate the cost of Suzie's CPI market basket in Week 1 and in Week 2 What percentage of the CPI market basket is gasoline? Caledets th Simiala inte has indutin na nat Week 1 Item Coffee Books Gasoline Week 2 Hem Coffee Banke Quantity 15 cups 1 20 gallons Quantity 15 cups 2 Price $2.25 a cup $25.00 each $2.25 a gallon Price $2.25 a cup €1350 wach

www.m WO The country of Swedway monitors price changes on several hundred goods in 4 categories: food, housing, transportation and household goods, in accordance with the following CPI table: Calculate the contribution to inflation for each category and determine the overall inflation rate in Swedway. CATEGORY WEIGHT (%) PRICE CHANGE (%) CONTRIBUTION TO INFLATION RATE Food 40 10 Housing 30 15 Transportation 20 20 Household Goods 10 25 Total 100

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? ...

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Table 1 shows a consumer price index for the years 2013-2018, with 2015 = 100. Table 1 Year CPI 2013 97.8 2014 98.6 2015 100 2016 102.5 2017 104.1 a. Calculate CPI inflation rates for each year from 2014 to 2018. 2018 104.9

Suppose the current CPI is 252 and in 2005 it was 196. A pair of Levi’s jeans costs $43 today. Based on the CPIs, what would you expect the 2005 price to have been for the same style of Levis, in a similar retail outlet?