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Ierofanga [76]
2 years ago
13

Jessica finds out that the government introduced a new trade policy that will increase import tariffs. She calls for a meeting o

f all of the company’s department heads to address this issue, which may increase the company’s production costs. What will be the purpose of this meeting?
Business
1 answer:
ExtremeBDS [4]2 years ago
4 0
 i would say strategic planning
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CPI in 2020 =142.7

CPI in 2019 = 100

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Explanation:

Inflation is the increase in the general price level. Inflation erodes the value of money.

Consumer Price Index(CPI ): This is the weighted average price of a basket of goods and services consumed by a typical consumer. It is used to measure the rate of inflation.

The increase in the CPI is taken to be the rate of inflation. For example, the CPI rose to 1.09 from 1.00, this implies an inflation rate of 9% within the time period in focus.

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The price of a basket of goods in a current  year ÷ Divided by the price of a basket of goods in  a base year

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Value of basket of goods in 2019 = (1000× $2)  + (100× $50) + ( 500× $0.10)= 7050

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CPI in 2020 = 10,060/7050× 100 =142.7

CPI in 2019 = 100

CPI in 2020 =142.7

CPI in 2019 = 100

The inflation rate =(142.7/100-1 ) × 100 = 42.7%

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CPI in 2020 =142.7

CPI in 2019 = 100

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