Question
In: Economics
Using the data below, calculate price index numbers for each of the three years. 2017 is...
Using the data below, calculate price index numbers for each of the three years. 2017 is the base year. Then calculate the percent change in the price index from 2017 to 2018, and from 2018 to 2019. Show all your calculations!
Quantity bought 2017 Price 2018 Price 2019 Price
Economics book 4 $150 $175 $200
Accounting book 2 $200 $250 $300
Math book 1 $175 $225 $250
Please show calculations
Solutions
Expert Solution
We now show the calculation of price index in each year and the percentage change.
Rahul Sunny answered 2 years agoRelated Solutions
The table below is the data set of the Shiller Real Home Price Index for the...
The table below is the data set of the Shiller Real Home Price
Index for the years 1946-1956.
Home Price
Year
Index
1946
106.5058955
1947
109.3296707
1948
101.2225795
1949
100.0466076
1950
105.8948393
1951
103.8986687
1952
103.9743275
1953
114.7133093
1954
114.199126
1955
115.4621261
1956
115.3166155
Setting k = 3, determine the simple moving average
forecasts for the years 1950, 1951, and 1952.
The table below shows the consumer price index of a country from 2008 to 2017. YEAR...
The table below shows the consumer price index of a
country from 2008 to 2017.
YEAR
CONSUMER PRICE INDEX
(2017 = 100)
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
88.9
93.1
96.4
100.0
103.4
107.0
109.9
95.8
98.5
100.0
(a) Calculate the
rate of inflation from year 2009 to
2017.
(10)
(b) Illustrate the
rate of inflation using an appropriate graph.
(5)
(c) State the year
with the...
Using the following data, the Consumer Price Index for 2011 and 2015 using the base 1982...
Using the following data, the Consumer Price Index for 2011 and
2015 using the base 1982 = 100 ($1,210,000) are __________ and
________________.
In reality, the CPI is based on a larger basket of good.
Assuming the following prices, the average annual inflation rate
for the 33 years (1982-2015) is_______________
The core inflation rate is similar except that it excludes
___________ and ____________ prices because ___________________.
The core rate is __________________
If the average rate of inflation is the expected...
1. Using the information in the table below, calculate the Index of Segregation by occupation. Interpret...
1. Using the information in the table below, calculate the Index
of Segregation by occupation. Interpret the index number that you
calculated and provide an explanation of it's meaning.
Occupation
Men
Women
Managerial
11,005
9,387
Professional and Technical
12,063
13,952
Sales
7,601
6,953
Clerical/Administrative
3,751
14,128
Service
6.465
10,066
Production/Craft
13,516
1,283
Operatives
9,302
3,007
Laborers
3,631
1,011
Total
67,334
59,787
**Note: All numbers are in thousands**
2. Carefully explain the two broad potential causes for the
extent of gender...
Below is actual price and dividend data for three companies for each of seven months. Security...
Below is actual price and dividend data for three companies for
each of seven months.
Security A
Security B
Security C
Time
Price
Dividend
Price
Dividend
Price
Dividend
1
$48.27
$25.50
$178.00
2
$49.10
$23.85
$165.00
3
$52.60
$2.50
$19.95
$2.50
$174.00
$15.00
4
$51.35
$24.65
$182.00
5
$53.25
$25.10
$183.00
6
$53.92
$2.25
$22.78
$2.50
$187.00
$12.50
7
$52.00
$26.18
$193.00
Assuming short selling is allowed:
i. For securities 1 and 2 find the composition, standard deviation,
and...
Below is actual price and dividend data for three companies for each of seven months. Security...
Below is actual price and dividend data for three companies for
each of seven months.
Security A
Security B
Security C
Time
Price
Dividend
Price
Dividend
Price
Dividend
1
$48.27
$25.50
$178.00
2
$49.10
$23.85
$165.00
3
$52.60
$2.50
$19.95
$2.50
$174.00
$15.00
4
$51.35
$24.65
$182.00
5
$53.25
$25.10
$183.00
6
$53.92
$2.25
$22.78
$2.50
$187.00
$12.50
7
$52.00
$26.18
$193.00
A. Compute the rate of return for each company for each month (use
simple return formula).
B. Compute...
1) Government statisticians at the _______________ calculate the Consumer Price Index. Select the correct answer below:...
1) Government statisticians at the _______________ calculate the
Consumer Price Index.
Select the correct answer below:
a) Federal Reserve
b) International Monetary Fund
c) U.S. Bureau of Labor Statistics
d) U.S. Treasury Department
2) Which of the following contribute to an individual's human
capital?
Select the two correct answers below.
Select all that apply:
a) skills
b) personal beliefs
c) expertise
d) personal preferences
3) Which of the following are not examples of
individuals in the labor force?
Select the...
Calculate Mn & Mw, and the polydispersity index (PI) for the molecular weight data provided below...
Calculate Mn & Mw, and the polydispersity
index (PI) for the molecular weight data provided below and graph.
Repeat your calculations if the molecular weight data were changed
by increasing the frequency (# of chains) of the following
molecular weights by 500 for molecular weights of 600, 700, 800,
900, 1000, and 1100 and graph. Explain what happens to the
PI and what this means in terms of molecular weight
distribution. Input data and graph in Excel or similar
graphing...
Utilizing the equal weighted series calculate the index values for each day for the market below....
Utilizing the equal weighted series calculate the index values
for each day for the market below.
closing prices
Number of outstanding shares(milions)
A
B
C
A
B
C
1st jan 2020
200
400
300
100
200
100
2nd jan 2020
250
420
180
100
200
200
3rd jan 2020
270
450
80
100
600
200
Calculate a price index for 2018, 2019, and 2020 using the following information about prices. Let...
Calculate a price index for 2018, 2019, and 2020 using the
following information about prices. Let the market basket consist
of the price of one pizza pie, two sodas, and four caffe
lattes. Let the year 2018 be the base year (with an index
value of 100). See the instruction video,
"inflation.ppsm".
Year
Price of a pizza
Price of a Soda
Price of a Caffe Latte
2018
2019
2020
$6.00
$6.50
$7.0
$0.50
$0.55
$0.65
$1.50
$2.20
$2.60
A. Calculate...
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