n 2019 and in​ 2020, consumers in Dexter purchased only books and pens.   The prices and quantities for 2019 and 2020 are listed in the table.   The reference base period for​ Dexter's CPI is 2019 and 2019 is also the year of the Consumer Expenditure Survey.   Calculate the CPI in 2020.   2019 2020 Item Price Quantity Price Quantity Books ​$2 4 ​$6 8 Pens ​$8 4 ​$10 9 The CPI in 2020 is​ _______.     A. 62.5   B. 100.0   C. 160.0   D. 64.

In 2019 and in 2020, consumers in Dexter purchased only books and pens. The prices and quantities for 2019 and 2020 are listed in the table. The reference base period for Dexter's CPI is 2019, and 2019 is also the year of the Consumer Expenditure Survey. What is the inflation rate in 2020? The inflation rate in 2020 is OA. 148.1 B. 2.1 C. 80.0 D. 48.1 percent. C Item Books Pens 2019 2020 Price Quantity Price Quantity $6 4 $5 8 $5 6 $10 5

The information on price and quantity of three products consumed by a typical household in the year 2020 and 2021 is given by the table below 2020 2021 Price Quantity Quantity 10 Price $5.50 Fish 12 $5 $10 Beef 5 $11 4 Train Ride $8 20 $9 22 Using 2020 as the base year, measure the CPI for 2021 and the inflation rate in 2021. Does this inflation rate correctly measure the cost of living changes for households in 2021? Explain. "The transfer payment does not have any effect on the gross domestic product of an economy". Discuss the validity of this statement.

In 1939, the CPI was 13.9 and the price of potatoes was $0.19. 1)Convert into current year dollars using the price index today which is 177. 2) is this item more or less expensive today? And why?

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