Business, 10.03.2020 00:44 unknown6669

Suppose the fixed basket of goods used to calculate the CPI consists of 5 units of good A, 3 units of good B, and 2 units of good C. From year 1 to year 2 the prices of the goods changed as shown in the table. Year 1 is the base year. Enter numbers rounded to two decimal places.

1.The price of A changed by % , The price of B changed by % , The price of C changed by %

2.The value of the CPI in yr 1 is , The value of the CPI in yr 2 is

The inflation rate between the two yr is

3.The inflation rate between in the years 2000 and 2001 was 4.3%. Based on this information, a basket of goods that cost $145 in the year 2000 would now cost how much in the year 2001? Enter a number rounded to two decimal places.

4. Your deposit $500 in a saving account and one year later you have $560. At the same time, the CPI increases from 120 to 126.The nominal interest rate is % and the real interest rate is %. Enter a number rounded to two decimal places.

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Suppose the fixed basket of goods used to calculate the CPI consists of 5 units of good A, 3 units o...

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