1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arisa [49]
3 years ago
6

Assume the market basket contains 20X, 30Y, and 50Z. The current-year prices for goods X, Y, and Z are $2, $6, and $10, respecti

vely. The base-year prices are $1, $3, and $5, respectively. What is the CPI in the current year?
Business
1 answer:
Aneli [31]3 years ago
8 0

Answer:

CPI for the current year  = 200

Explanation:

Given;

Contents in market basket

20X, 30Y, and 50Z

The current-year prices for goods

X = $2

Y = $6

Z = $10

The base-year prices are

X = $1

Y = $3

Z = $5

Now,

Total cost of market basket in the current year

= ∑ (Quantity × Price)

= 20 × $2 + 30 × $6 + 50 × $10

= $40 + $180 + $500

= $720

Total cost of market basket in the base year

= ∑ (Quantity × Price)

= 20 × $1 + 30 × $3 + 50 × $5

= $20 + $90 + $250

= $360

also,

CPI for the current year = \frac{\textup{Cost of market basket at current year prices}}{\textup{Cost of market basket at base year prices}}\times100

or

CPI for the current year = \frac{\$720}{\$360}\times100

or

CPI for the current year = 200

You might be interested in
Tell me about one of your most passionate beliefs and explain how it has an impact on the way you think, behave, attend events,
WITCHER [35]

Answer:

One of my most passionate belief is "Fail Better". This is the belief which I developed since childhood, my family kept on saying this me when I was just 10 years old. Since then, It has been deeply rooted and firmly suited in my mind. It has influenced me from my childhood, I never felt hesitated in taking risks, trying new ideas, things and adventures in my whole life. This has definitely impacted the way I think, behave and communicate with others. This belief was then further been transformed and translated into "Fall seven times, Get up eight". I have followed these rules very strongly in my whole life.  I have started many small businesses when I was in college, almost I failed in them but I learnt so many things which none could have taught me.

5 0
3 years ago
16. When filing by subject, which of the following would be filed first? *
andriy [413]

Answer:

C. additional information

Explanation:

When you gather data, the most important thing that you need to fill first is the identity of the subjects.

In business, the data that companies take through questionnaires is made in order to read the market's trends or customers' general preference. In order for the data to be usable, the companies need to be able to differentiate subjects based on different characteristics (such as age, gender, income level, etc). All of this information is filled under the additional information box on every files.

4 0
3 years ago
Correct identification of the underlying root cause is the desired outcome of the ________________ approach to problem solving.
Citrus2011 [14]

Answer:

Letter A is correct. <u>Cause-oriented.</u>

Explanation:

A cause-oriented approach to problem solving is a method characterized by focusing on the history of the problem and then thereafter finding the root cause that originated it.

It is a very effective method when used to find solutions to various organizational problems that are apparently unsolved.

8 0
3 years ago
8. In a car insurance policy, collision insurance covers
prisoha [69]
I am pretty sure that it's d, the cost of your car if it's stolen because its a car insurance

4 0
3 years ago
Read 2 more answers
Sally tends to procrastinate early in a project's development, but she always comes through when the pressure is on. for sally,
iragen [17]

Constructive stress. When stress produces results it is constructive.

7 0
3 years ago
Other questions:
  • Clean N Green is a two-year-old company that makes wind turbines. The business owner, Janelle, is struggling to compete. Finding
    11·1 answer
  • Your firm is a supplier to a major chain of discount stores. you have heard rumors that this chain of discount stores is in fina
    14·2 answers
  • Why might a rise in the price of electric razors result in an increase in demand for nonelectric razors?
    15·2 answers
  • Zync Corporation offers a block of its securities for sale to the investment banker that submits the highest price of all intere
    5·1 answer
  • Suppose the production of a good results in positive externalities. The market will tend to _______________ this good and the go
    11·1 answer
  • If Cute Camel ever goes bankrupt, its common stockholders will be paid off first, then its debtholders and preferred stockholder
    9·1 answer
  • An outward shift in the production possibilities curve of an economy can be caused by an increase in A. unemployment B. the labo
    9·1 answer
  • How should wildlife species like grouse or deer be valued, and how should that value be balanced against the economic interests
    13·1 answer
  • Batteries, Offshore Wind Lead Clean Energy Cost Cuts As Renewables by Mike Scott Batteries, Offshore Wind Lead Clean Energy Cost
    11·1 answer
  • Yahoo! recently eliminated _________ despite its many advantages because it was perceived as undermining corporate culture.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!