YEAR Consumer Price Index 2017 100 2018 110 2019 121 According to the table above, Inflation rate in 2019 is same as the inflation rate in 2018. Is it true or false?i provide an explanation

On the way into school you hear the following report on the radio: "inflation for the month of February was 0.4%. Over the year inflation was 2.2%." Which of the following options best explains what these figures mean? Select one: a. Inflation in February was much slower than it was in other months from the past year. b. The prices of household necessities, excluded household luxuries, increased by 2.2%, compared to 12 months ago. c. The prices of the things a typical urban consumer buys, as estimated by the Bureau of Labor Statistics, increased on average 2.2%, compared to 12 months ago. d. The government increased prices by 2.2% over the past year in order to keep pace with production costs.

Consider the following Economy: Quantity Oranges 300 Price of Apples Quantity apples Price oranges Time Period 1 100 2 1 1.5 150 3 300 2 Calculate the chain-weighted inflation rate using the Implicit GDP Price Deflators If you get an inflation rate of 3.15%, your reported answer should be 3.15

The table below shows the index numbers for the cost of a basket of goods and services in each period. Use this information to calculate the inflation rate for each period. Round to two decimal places. Period 1 Period 2 Period 3 Period 4 Index Number 112 120 124 130 Provide your answer below: Inflation Rate Period 2 = %; Period 3 = %; Period 4 = [

Calculate inflation when nominal interest rate is 8% and the real interest rate is 2% Help!

Define the term future inflation?

Explain how the Consumer Price Index (CPI) is calculated and critically evaluate its merits as a measure of inflation (approx 250 words)

see the table below to answer the questions that follow YEAR 2019 2018 2017 2016 CPI 231.8 212.2 202.6 200.2 Q.7.1.1 Calculate the inflation rate for the year 2018

Given the following table about the level of the consumer price index (CPI), perform calculations and show your work in the coming parts of the question.   Consumer Price Index Year Consumer Price Index 2015 139.5 2016 144.7 2017   2018 160.1 2019 168.1   Calculate the inflation rate in 2016. If the inflation rate was 6 percent in 2018, calculate the CPI in 2017.

Now you see what the BLS economist do, except with a more complex basket of goods. Now try to construct an index and determine the inflation rate on your own. The table shows the prices of fruit purchased by the typical college student from 2001 to 2004. What is the amount spent each year on the “basket” of fruit with the quantities shown in column 2? (5 points) Items Qty. 2001 2002 2003 2004     Price Amount Spent Price Amount Spent Price Amount Spent Price Amount Spent Apples 10 $0.50   $0.75   $0.85   $0.88   Bananas 12 $0.20   $0.25   $0.25   $0.29   Grapes 2 $0.65   $0.70   $0.90   $0.95   Raspberries 1 $2.00   1.9   2.05   2.13 $2.13 Total                               Construct the price index for a “fruit basket” in each year using 2003 as the base year. (5 points)                   Compute the inflation rate…