Using CPI data, the seems to be a __________ relationship between the frequency of price changes and the ___________ of the good.   a. negative, durability b. positive, durability c. positive, desirability d. negative, desirability

3a. Suppose that the consumer price index was 100 on January 1st, 2000 and 110 on January 1st, 2001. Determine the inflation rate between the two dates. 3b. Ruben earned a salary of $50,000 in 2015 and $60,000 in 2018. The consumer price index was 150 in 2015 and 200 in 2018. What has happened to Ruben's nominal and real income from 2015 to 2018?

The CPI measures the price of all consumer goods. Select one: True O False

Ecomomics

2. The table below shows the prices and the quantities of meat consumed in Meat-Loversville. Suppose the base year is 2003. Year 2003 2004 2005 Price of Beef Quantity of Beef 100 $2.00 $2.50 $2.75 Price of Pork Quantity of Pork 100 120 130 $1.00 $0.90 $1.00 90 105 a. Determine the values of the basket in 2003,2004, 2005. b. Determine the values of the CPI in 2003,2004, and 2005. c. What was the inflation rate for 2004? Why is the inflation rate for this year biased upward? d. Suppose that the base year is changed from 2003 to 2005. Also, suppose that the typical consumption basket was now determined in 2005. What is the new CPI for 2004? The solutions of (a) (b) (c) are given as follows,please just solve for question(d),I wii be very very appreciate!!~

None

Which goods are supposed to be included in the CPI? a. All goods and services produced in the economy b. All the goods, but not the services, in the consumption component of the GDP accounts c. All goods and services in the consumption component of the GDP accounts d. All goods and services that typical consumers buy

Economics If the prices of German made cars imported into the United States Fall, which answer is correct? Provide justification please thanks A. the consumer price index will fall, but the GDP deflator will not fall B. both the GDP deflator and the consumer price index will fall c. neither the gdp deflator nor the CPI will fall d. the GDP deflator will fall but the consumer price index will not fall. d. the gdp deflator will fall but the consumer price index will not fall.