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patriot [66]
3 years ago
10

In an economy, the total expenditures for a market basket of goods in year 1 (the base year) was $5,000 billion. In year 2, the

total expenditure for the same market basket of goods was $5,500 billion. What was the Consumer Price Index for the economy in year 2
Business
1 answer:
Vitek1552 [10]3 years ago
6 0

Answer:

CPI = 110

Explanation:

The consumer price index(CPI) measures the general change in prices for a basket of goods and services in an economy over time. The basket of goods and services is representative of consumer spending in the economy.

The formula for calculating CPI with a base year is as below.

consumer price index = <u>cost of the market basket in a given year </u>  x100

                                       cost of a market basket at the base

In this case,

CPI  =  $ 5500    x 100

            $ 5000

CPI = 11 x 100

CPI =110

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6 0
2 years ago
a corporate team building event costs2 plus an additional $1 per attendee. How many attendees can there be at most if the budget
Arlecino [84]
Since the equation would be:
2 + 1x = y
The inequality would be:
2 + 1x \leqslant 50
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x \leqslant 48
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Tell me if this helps by marking the answer, thank you!!
3 0
3 years ago
After Mario completes his monthly report, his boss reviews it to see if the standards were met. If there are errors, Mario is to
iren [92.7K]

Answer: Active management by exception

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Such leaders monitors the work performance and look out for the mistakes and then corrects the situation by taking a particular action.

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5 0
3 years ago
Assume an annual interest rate of 8%. You have $1. What is the value of the $1 one year in the future
seropon [69]

Answer:

the future value is $1.08

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

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= $1.08

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3 0
3 years ago
Suppose a stock had an initial price of $57 per share, paid a dividend of $1.1 per share during the year, and had an ending shar
kolbaska11 [484]

Answer:

12.46%

Explanation:

Data provided

Dividend income = $1.1

Ending share per price = $63

Initial price = $57

The computation of the percentage total return is shown below:-

Total return = (Dividend income + (Ending share per price - Initial price)) ÷ Initial price

= ($1.1 + ($63 - $57)) ÷ 57

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= $7.1 ÷ 57

= 0.12456

or 12.46%

6 0
3 years ago
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