What will you tell your grandchildren? You have the following facts: CPI in 2016 was 240....

What will you tell your grandchildren? You have the following facts: CPI in 2016 was 240. CPI in 2060 is 2400. The price of gasoline in 2016 is $2.00 per gallon. The price of gasoline in 2060 is $15 per gallon. How many dollars would you need in 2060 to buy what $2.00 would buy in 2016?

Enter your answer as a number, rounded to two decimal places. Don't enter a dollar sign.

Expert Solution

Dollar needed in 2060 to buy what $2.00 would buy in 2016 = 2016 price * (2060 CPI / 2016 CPI)

= $2.00 * (2400 / 240)

= $20.00

Thus, $20.00 you would need in 2060 to buy what $2.00 would buy in 2016.

Rahul Sunny answered 2 weeks ago

(i) In the following scenario, Between 2015 and 2016, The CPI of a small nation rose...

(i) In the following scenario, Between 2015 and 2016, The CPI of a small nation rose from 200 to 205 between these years and household incomes rose by 5% during these years. A claim is made that "Real incomes of the households remain unchanged: " DO YOU AGREE/DISAGREE WITH THE CLAIM? EXPLAIN BRIEFLY IN 2-3 LINES ONLY. (ii) : Who are the winners during high rates of inflation: Borrowers or lenders? Why? Explain in 1-2 lines only.

Solve each of the following questions using your calculator. tell me what you typed on the...

Solve each of the following questions using your calculator. tell me what you typed on the calculator. draw a picture for each problem. SHOW WORK In a normal distribution find the data value(s) to the nearest whole number that: i. Cuts off the bottom 35% if μ = 97 and σ = 7 ii. Cuts off the middle 60% if μ = 110 and σ = 15

Let’s check in on your tomato plants…again. Say that you have planted 240 tomato seeds. You...

Let’s check in on your tomato plants…again. Say that you have planted 240 tomato seeds. You set up an infrared camera and record their germination over 24 hours. Do these data meet the assumptions for the x2 goodness-of-fit test? Explain. What are the degrees of freedom (df) for these data?

Suppose we have the following CPI figures below:

Suppose we have the following CPI figures below:CPI(Price Level)Year(1982=100)July 2017215July 2018223July 2019236Using the table above, please answer Questions 8a through 8c below: a. What do these numbers tell you about the price level in these three years? Is there inflation or deflation? Why? Explain. 9b. Calculate the inflation rates for July 2018 and July 2019. Is there inflation or deflation occurring and why? What factors could contribute to inflation or deflation between July 2018 and July 2019?

How do you build a PC? if you have one that you built, tell me your...

How do you build a PC? if you have one that you built, tell me your build and what steps you took. like calculations/data/specs asking for a friend

Give a chemical example, quantitivative analysis will tell you how much of something there is in your sample whereas qualitative analysis will tell you what is in your sample.

Question

What will you tell your grandchildren? You have the following facts: CPI in 2016 was 240....

Solutions

Expert Solution

Related Solutions

(i) In the following scenario, Between 2015 and 2016, The CPI of a small nation rose...

Solve each of the following questions using your calculator. tell me what you typed on the...

Let’s check in on your tomato plants…again. Say that you have planted 240 tomato seeds. You...

Suppose we have the following CPI figures below:

How do you build a PC? if you have one that you built, tell me your...

Give a chemical example, quantitivative analysis will tell you how much of something there is in your sample whereas qualitative analysis will tell you what is in your sample.

Tell me, specifically, what you have done to show you are a team player.

What is the hematocrit? What does it tell you about the health of your patient? Differentiate...

How can you tell when you have adequately species diversity? Explain your answer.

As you begin your clinical rotation, can you tell me what you expect from your clinical...