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What is the cost of the market basket for 2011, 2012, 2013
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- what is the art majors salary in 2011? 2012?Why there are sudden inflation in agricultural commodities like onions or shallots?Item prices and the amounts used for 1990 and 2020 are below. Use 1990 as the base. Item Price (1990 ) Quantity (1990) Price (2020) Quantity (2020) Aluminum (cents per pound) Natural gas (1,000 cu. ft.) Petroleum (barrel) 0.30 1000 0.80 2000 0.20 5000 1.40 8000 4000 3.20 2000 4.20 Determine Fisher's ideal index for price.1
- Why should a business owner be concern with the inflation rate in the Dairy products industry, and how might it have an impact on the Dairy products industry?The price of a typical laptop computer has fallen from $2,000 in 1985 to $800 today. At the same time, the consumer price index has risen from 100 to 252. Adjusting for inflation, how much did the price of laptops change? Does this answer seem right to you, or is it missing something? Explain your response.If your salary increased by 9 percent and prices increased by 3 percent, how much did your real wage rise by?
