Pete is a student who spends 10 percent of his expenditure on books and supplies, 30 percent on tuition, 30 percent on rent, 10 percent on food and drink, 10 percent on transportation, and the rest on clothing. The price index for each item was 100 in 2009. The table shows the price indexes in 2019. Item Price index in 2019 Books and supplies 172.6 Tuition 169.0 Rent 159.0 Food and drink 129.8 Transportation Clothing 115.4 92.9 What is Pete's CPI in 2019? Pete's CPI in 2019 is >>> Answer to 1 decimal place. [Hint: The contribution of each item to the CPI is its price weighted by its share of total expenditure.]

The Laspeyres index is the ratio of the price of goods at prices to the price of goods at prices. O today's; yesterday's; yesterday's; today's yesterday's; yesterday's; yesterday's; today's today's; today's; yesterday's; yesterday's O yesterday's; today's; yesterday's; yesterday's

The following table shows a housing index that can be used to compare housing prices in different cities. Suppose you see a house valued at $280,000 in City E. Find the price of a comparable house in City F, City B, and City A. If you know the price of a particular home in your town, you can use the index to find the price of a comparable house in another town with the formula below. index (other town) index (your town) price price (other town) (your town) = X A comparable house in City F would cost about $. (Round to the nearest dollar.) A comparable house in City B would cost about $. (Round to the nearest dollar.) *** A comparable house in City A would cost about $ (Round to the nearest dollar.) City Index City Index City A 58 City F 49 City B 164 City G 200 City C 100 City H 50 City D 367 City J 92 City E 195 City K 482

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.

Using the table below, (See chapter 5 for price index) Price (per unit) Quantity (basket) 20 pounds Item 2018 (year) 2019 (year) Potato $2 $2.5 Onion 40 pounds $3 $3.1 Apple 30 pounds $1 $1.2 9. Compute the cost of the basket in each year. 10. By assuming the base year is 2018, derive price indexes of 2018 and 2019. 11. Using the price indexes from #10, calculate the inflation rate between 2018 and 2019. 12. Let's assume "nominal income" increased 4% between 2018 and 2019. Approximately how much percentage of "real income" did change between 2018 and 2019?

By how much did the change in the price of college tuition differ from the 2019 average rate of inflation? I know it rose but how do I find the percentage?

"Shoeless" Joe Jackson was offered $ 5,000 by the infamous gambler Arnold Rothstein to "throw" the 1919 World Series. What is the purchasing power of Rothstein's bribe in 2021?    A) $ 9,342.55       B) $ 75,780.35       C) $ 349,439.25       D) $ 892,445.05

MICROECONOMICS  Questions 3  ( ALL OF IT IS ONE QUESTION!!!) For article 3 write the number of the graph that best describes what happened. Fill in only the appropriate boxes in the chart for article 3 and be sure and indicate if it is an increase or a decrease.  For the graph use an arrow to indicate an increase or a decrease. Make sure you fill in the graph PLEASE Leave it blank if there is no change   Masks (Now). The easing Covid-19 pandemic is expected to reduce demand for medical masks this year, joining a group of companies that have forecast a decline in business from Covid-19 prevention. Masks became a billion-dollar business for the St. Paul, Minn., manufacturer starting in 2020, when the virus’s rapid spread sent consumers and healthcare workers looking to secure facial coverings to try to avoid infection. Now, as the latest U.S. surge caused by the Omicron variant fades, 3M said they are seeing slowing mask sales. WHICH GRAPH BEST FITS THE ARTICLE.   Graph # Graph…

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut, and one newspaper. In year one, the basket costs $6.00. In year two, the price of the same basket is $7.00. From year one to year two, there is    at an annual rate of    .   In year one, $12.00 will buy    baskets, and in year two, $12.00 will buy    baskets.   This example illustrates that, as the price level rises, the value of money    .