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3 years ago

A consumer price index of 160 in 1996 with a base year of 1982-1984 would mean that the cost of the market basket

Business

1 answer:

Ann [662]3 years ago

7 0

Answer:

A. rose 60% from the cost of the market basket in the base year.

Explanation:

The base year of 1982-1984 represents a 100 value for the index, and anything above it, is an over 100 value.

A 60% rise in 12 years (1984 to 1996) represents an average inflation rate of 5% every year, a bit high, but still within a moderate range.

The formula to find the adjusted consumer price index is:

Adjusted CPI = (CPIn / CPIb) - 1

Where:

CPIn = consumer price index in selected year (in this case 1996)

CPIb = consumer price index in base year (in this case 1982-1984)

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4 years ago

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2 years ago

Madison Company owned an asset that had cost $44,000. The company sold the asset on January 1, 2016 for $16,000. Accumulated dep

BlackZzzverrR [31]

Answer:

A. A $16,000 cash inflow in the investing activities section of the cash flow statement.

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3 years ago

When pitch was considering bringing the king back or not, it likely considered the communication model. Product awareness of the

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The question is incomplete. Please read below to find the missing content.

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A.source

B.message

C.medium

D.feedback

E.receiver

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2 years ago