Clothing R 30 Food Entertainment 2021 Price R 125 R5 2021 Quantity 45 15 8. 2022 Price R 140 R 45 R8 2022 Quantity 45 15 8. a) The inflation rate between the two years is 15.11 %

Use the information below to: a) compute the price index for each year using 2019 as the base year.  b) compute the inflation rate between the two years.    Item                    Quantity                Unit Price-2018             Unit Price-2019 Coffee                20 pounds                       $7.00                                 $8.00 Rent                    12 months                    950.00                            1,000.00 Pizza                    100 pizzas                      12.00                                 14.00 Cable                   12 months                     55.00                                 60.00 Vacation              2 weeks                       550.00                               600.00

If the CPI in period 1 is 180 and the CPI in period 2 is 240, then the rate of inflation between period 1 and period 2 is 66.7% 50% 33.3% 25%

Price of wine Price of coffee 2021 $5 $5 2022 $9 $6   Assuming that wine and coffee consumption are fixed as 10 wine and 20 cups of coffee. Calculate the inflation rate between 2021 and 2022. (Note: the cost of the basket in the base year is 120)     40%     35%     22.5%     28%

Suppose the basket of goods used for a Canadian university student price index consists of 2 terms of full-time study and 4 textbooks. Prices of the goods by year are as follows: Year Full-time tuition for Price of One one term Textbook 2018 $3,605 $115 2019 $3,631 $139 2020 $3,924 $189 a) Using 2018 as the base year, compute the university student price index for 2018, 2019 and 2020, and the inflation rate between 2018 and 2019, and between 2019 and 2020. b) Suppose that all university textbooks were produced in the United States. Would Canada's GDP Deflator increase more, less or the same rate as the student price index (based only on these two goods)?

The country of Panem produces only bow and arrow. Quantities and prices of these goods for the last several years are shown below. The base year is 2010. Prices and Quantities Price of Bow Quantity of Price of Quantity of Bow Year Arrow Arrow 2010 $10.00 200 $3.50 380 2011 $10.00 220 $5.00 400 2012 $11.00 250 $5.50 400 2013 $12.00 280 $6.50 440 What is the inflation rate in 2011? 8.79% 12.92% 16.67% None of the above

In a specified year, nominal gross domestic product grew by 12 percent and real gross domestic product grew by 5 percent.What would be the inflation 7% -7% 8% 179%

Assume that the retail price index (RPI) for the UK was 100 in January 1950 and 3246 in January 2015. Calculate the average annual inflation rate.

Please answer quickly and correctly The CPI-U (U.S. city average, all items) has the following annual averages: Year 2013 2014 2015 2016 2017 Index 208.1 213.3 214.5 216.0 217.4

Henrique is a baseball fan and attends several games per season.  His expenses per season are listed in the table below:     Year 1 Year 2 5 Baseball Tickets $500 $600 Jersey $100 $120 Food $150 $150 Transport $50 $80   Calculate the inflation rate for Henrique's baseball season between year 1 and 2.