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- Quantity Quantity Item (2018) Price (2018) (2019) Price (2019) Magazines 400 $5.00 450 $4.50 Movie tickets 50 $6.00 200 $8.00 Pizzas 100 $10.00 120 $10.50 The data in the table above shows the consumption by families in an economy. The year 2018 is the reference base period. Based on the table above, between 2018 and 2019, the inflation rate in this country was 2.5 percent. 98.5 percent. -1.5 percent. 105.1 percent. -2.5 percent.If the GDP deflator rose from 106.2 in 1998 to 112.3 in 2000, what was the rate of inflation?Over a long period of time, the price of a box of chocolates rose from 1 EUR to 6 EUR. Over the same period, the CPI rose from 150 to 300. Adjusted for overall inflation, how much did the price of the box of chocolates change?
- A consumer expenditure survey reports the following information on consumer spending: 2020 2021 Price Quantity Price Quantity Product (1) $10 7 $10 7 Product (2) $6 10 $8 12 Product (3) $12 5 $14 10 a) Using 2020 as the base year, by how much does a "cost of products" index increase between 2020 and 2021? b) Calculate the inflation rate between 2020 and 2021, using the CPI you calculated in (a)A country’s nominal GDP rose from 600B to 770B while its real GDP rose from 500B to 550B. Calculate this country’s inflation rate (percentage change in GDP deflator values). 16.7% 10.2% 13.8% 19.6% 18.1%Calculate the rate of inflation if the CPI for 2016 is 147 and the CPI for 2017 is 154
- Calculate the GDP deflator and the rate of inflation for each year: (€ million) Nominal GDP Real GDP 2013 3,540,000 2,900,000 2014 4,730,000 3,250.000 2015 5,110,000 4,800,200The CPI (using a 2020 base year) for 2000 is 65.0. Suppose a household's annual take-home pay in 2000 was $48,500. What would be an equivalent take-home pay in 2020?Use the following information to calculate the inflation rate (one decimal point) for 2020. CPI index 2019: 112.7 CPI index 2020: 117.7
- State at least three differences between GDP deflator and CPI as the measure of inflation rate.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.Calculate the inflation rate in sudan where the CPI in 2021 was 100 and CPI in 2021 is 150?