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4vir4ik [10]
3 years ago
8

Based on the weight of the consumer price index (CPI), the price of rental housing increases by 15% and that of owned housing by

5%. During the same year, the price of gasoline falls by 22%. We can say that: a. the CPI would definitely rise during the year in question. b. all other factors being constant, it is likely the CPI would fall during the year in question. c. the CPI would definitely fall during the year in question. d. all other factors being constant, it is likely the CPI would rise during the year in question. e. all other factors being constant, the CPI would change by about 6% because that is the average housing change plus the average gasoline change.
Business
1 answer:
Levart [38]3 years ago
4 0

Answer:

D) all other factors being constant, it is likely the CPI would rise during the year in question.

Explanation:

The CPI measures the price of a basket of goods and that basket includes both housing expenses and gasoline, but housing expenses are "heavier" than gasoline (their relative weight on the CPI is much higher) because they represent a much larger portion of a household's income. It is common for a family to pay $1,000 (or much more) per month on rent or a mortgage, while how many people actually spend over $1,000 per month on gas?

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What are cash flow financing activities
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3 years ago
The table below contains data for the country of batterland, which produces only waffles and pancakes. the base year is 2013 . p
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We see that the base year is 2013, therefore if we want to calculate the inflation rate from 2010 to 2011, we have to calculate their price indices. We do this by dividing the maket basket of our chosen years by the market basket of the base year, therefore the price index of 2010 is $260/$1200, giving us 21.6. The price index of 2011 would be $440/$1200, giving us 36.6. To calculate the inflation rate, you find the difference between your two price indices and divide it by the former year, which would be 36.6 - 21.6 / 21.6 x 100, giving us the inflation rate of 69.2%.

5 0
3 years ago
Ordinary simple interest brings increased revenue to the lender. The general practice
densk [106]

Answer:

Exact = $34.5

Ordinary = $35

Explanation:

Given that :

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3 years ago
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