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SOVA2 [1]
3 years ago
8

The residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2016, they spend a total of $250 fo

r 100 heads of cauliflower, $100 for 50 bunches of broccoli, and $250 for 500 carrots. In 2017, they spend a total of $210 for 60 heads of cauliflower, $180 for 90 bunches of broccoli, and $270 for 450 carrots.Year Cauliflower Broccoli Carrots
2016 2.1 1.4 0.1
2017 2.5 1.4 0.3 Using 2016 as the base year, the CPI for 2016 is______, and the CPI for 2017 is______. The inflation rate in 2017 is_____using the CPI.
Business
1 answer:
Reil [10]3 years ago
6 0

Answer:

CPI for 2016 = 100

CPI for 2017 = 110

Inflation rate in 2017 = 10%

Explanation:

Before finding Consumer Price Index (CPI), we have to calculate the market basket cost price for each year

2016 market basket cost price =

Cauliflower = $250

Broccoli      = $100

<u>Carrots       = $250</u>

Total cost = $600

2017 market basket cost price =

Cauliflower = $210

Broccoli      = $180

<u>Carrots       = $270</u>

Total cost = $660

We know, CPI = (Cost of market basket in a given year ÷ Cost of market basket in a base year) × 100

As 2016 is the base year, CPI for 2016 = ($600 ÷ $600) × 100 = 100

CPI for 2017 = ($660 ÷ $600) × 100 = 100 = 110

Again, we know, Inflation rate using the CPI = [(CPI for current year - CPI for previous year) ÷ CPI for previous year] × 100

Therefore, Inflation rate using the CPI = [(110 - 100) ÷ 100] × 100 = 10%.

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Ex: If the double value is 3.1, then the output is: 3

Explanation:

<h2>plz mark me as a BRAINLIAST...</h2>
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3 years ago
Which of the following statements is true.
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explain prefix increment operator vs. postfix increment operator, give an example in Java code, explain what's happening at the
AveGali [126]
<h2>Pre-Increment increments the value immediately, Post increment increments the value only after executing the entire line.</h2>

Explanation:

class PrePostIncOperator {

   public static void main(String[] args){

         int x=5;    

         System.out.println(x++);          

         System.out.println("\n"+ ++x);    

        }

   }

Let us understand the program.

int x = 5 => Initializes the value of 5 to the variable x

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vova2212 [387]

Answer:

I. The three (3) main functions of money in an economy are;

a. Medium of exchange.

b. Unit of account.

c. Store of value.

II. Liquidity is a characteristic of money.

Explanation:

In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

I. The three (3) main functions of money all over the world are;

a. Medium of exchange.

b. Unit of account.

c. Store of value.

II. The rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange.

In conclusion, money is a generally accepted medium of exchange around the world and money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.

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The <u>slope</u> of the characteristic line of a stock's returns versus those of the market measures the stock's systematic risk.

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