Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows: .20 pizzas, $10 each . Apartment rent, $600 per month . Gasoline and car maintenance, $100 per month .Phone service (basic service plus 10 long-distance calls), $50 per month In the base year, the CPI is 1.000. In the year following the base year, the survey takers determine that pizzas have risen to $11 each, apartment rent is $640, gasoline and maintenance costs are $100, and phone service has dropped in price to $40. Instructions: Enter your responses by rounding the CPI to three decimal places and the rate of inflation to one decimal place. a. Find the CPI in the subsequent year and the rate of inflation between the base year and the subsequent year. CPI: Rate of inflation:| % b. The family's nominal income rose by 5 percent between the base year and the subsequent year. Are they worse off or better off in terms of what their income is able to buy? The family is (Click to select)

Identify a minimum of 5 features/tools that are offered.

AutoSave File Document! Word Chris Navo Home Insert Draw Design Layout References Mailings Review View MathType Help Acrobat Graphs Format Cobb and Douglas used economic data published by the government to obtain Table 2. Year P Year 1899 100 100 DOL 1911 148 216 1900 101 105 107 1912 155 1901 112 110 114 1912 1902 122 117 122 1014 169 152 244 1903 124 122 131 1915 109 156 266 1904 122 121 138 1916 225 183 1905 143 125 149 1917 227 1905 152 124 163 1915 223 201 1907 151 140 170 1919 218 19.08 126 123 485 1920 231 104 407 19.09 155 143 198 1921 179 146 417 1910 159 208 1922 240 161 431 Table 2 Swords et Predictions. The Cobb Douglass formula is P(L, K) = bLa K¹-a Determine monetary value of all the goods produced in 1 year or simply the production level in 1920 for a=.20 and b=1.01. Round to one decimal place.

Please help Why is basic understanding of global geography important? Just q&a DO NOT COPY FROM OTHER WEBSITES Upvote guarenteed for a correct and detailed answer. Thank you!!!