Economics For Today
Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Chapter 17, Problem 4SQ
To determine

The meaning of base year.

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At the end of 1989, the consumer price index was 105. At the end of 1990, the CPI was 110. Calculate the inflation rate between these two periods.
Use the information in the table to calculate a consumer price index (CPI) and the inflation rate. The base year is 1975. Rou answers to two decimal places. Market basket Quantity 1975 prices 1976 prices A dozen eggs 29 $1.10 $1.70 Calculator 19 $15.00 $17.00 Microwave oven 9. $180.00 $230.00 What is the CPI for 1975? 100 What is the CPI for 1976? 126.82 What is the inflation rate for 1976? Enter numeric value Incorrect
In​ Brazil, the reference base period for the CPI is 2000.   By​ 2005, prices had risen by 51 percent since the base period. The inflation rate in Brazil in 2006 was 10​ percent, and in​ 2007, the inflation rate was 9 percent.   Calculate the CPI in Brazil in 2006 and 2007.​ Brazil's CPI in 2008 was 173. Did​ Brazil's inflation rate increase or decrease in​ 2008?
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