Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one can of soda, one bag of chips, and one comic book. In year one, the basket costs $8.00. In year two, the price of the same basket is $7.00.

From year one to year two, there is at an annual rate of (how do i calculate the rate?)
In year one, $40.00 will buy baskets, and in year two, $40.00 will buy .

From year one to year two, there is deflation at an annual rate of 12.50%

Explanation:

Inflation refers to the quantity measure which measures the average price rise in the goods and services of a particular basket over a particular period of time.

The Formula to calculate inflation rate is (Future Price - Present Price) / Present Price .

Inflation Rate = ($7-$8)/$8 = -12.50%

Here Negative Sign shows Deflation Rate.

In year one, 5 basket at price of $8 for each basket can be buy at $40

In year two, 5.71 basket at price of $7 for each basket can be buy at $40

it is a i took the test.

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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