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
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

You might be interested in
Which of the following would a joiner typically not use?<br><br> saw<br> glue<br> wood<br> screws
n200080 [17]
Glue is the answer I believe
6 0
3 years ago
Read 2 more answers
When the Federal Reserve seeks to contract the money supply, it may Group of answer choices sell securities and raise the target
shutvik [7]

Answer:

Option "Sell securities but instead start raising the federal objective  Rate of funds" is the right response.

Explanation:

  • Across the whole of collective memory, the free-market community had already progressed thru all the boom-and-bust phases.
  • The Federal Reserve must have been designed to assist start reducing this year's injuries caused mostly during depressions but instead provided several other effective features to impact the money supply. Continue reading to learn how well the Fed is managing this same money supply.

Some other decisions are not comparable to the type of situation in question. So that is the correct choice.

8 0
2 years ago
How will you close skill gaps between what you feel you possess and what employers perceive you have? Multiple Choice be motivat
Mazyrski [523]
<h2>Be motivated to learn</h2>

Explanation:

be motivated to learn : This would be right choice. The reason is that, the gap is because we need to learn some more to reach the expectation of employer. So learning should be life long.

share diverse experiences: Sharing experience does not fill the gap, only proving fills it.

have a high level of energy and an orientation toward action: This seems to be closer, but learning stands first and then putting into action.

believe in personal control of destiny: Self-belief is always essential, but only learning can fill the gap.

seek high levels of achievement: High level of achievement can be done only through learning.

6 0
3 years ago
On July 1, 2019, Ted, age 73 and single, sells his personal residence of the last 30 years for $368,000. Ted’s basis in his resi
olga_2 [115]

Answer:

Realized gain is $297,144

Recognized gain is $47,144

Adjusted basis for new residence is $175,000

Explanation:

•Ted's Realized gain:

Sales price $368,000 - basis $48,776 - expenses $22,080 = $297,144.

• Ted's Recognized gain:

Realized gain $297,144 - exclusion upto $250,000 = $47,144.

• Ted's basis of the new residence is its cost of $175,000.

7 0
3 years ago
Local governments receive most of their money from what two kinds of taxes?
professor190 [17]
The local government receive most of their money from Real Estate Property Tax and Personal Property Tax.

Real Estate Property are properties that are immovable. This includes land, building, and all improvements (fixtures) that cannot be removed without damage to the property.

Real Estate Property Tax is levied on homes, farms, business properties, and most other real property.

Personal Property are properties that are movable. Examples are vehicles (cars, van, SUV)


4 0
3 years ago
Other questions:
  • A private university offers graduate assistantships to qualified students each year. In exchange for the waiver oftuition, gradu
    6·1 answer
  • Nathan has been unable to trust banks since the failure of his savings and loan bank. He claims that storing his hard-earned mon
    9·1 answer
  • Publix, a southeastern grocery store chain, has signs saying that tips are not accepted and employees are all informed of this p
    11·1 answer
  • Arrange the types of investments in the correct order from the least risky to the most risky investment.
    10·1 answer
  • The Ad Council of America creates an ad that shows teens in a car having fun while driving in the city. They are enjoying music
    12·1 answer
  • Tell me about one of your most passionate beliefs and explain how it has an impact on the way you think, behave, attend events,
    15·1 answer
  • A stock has had returns of 12 percent, 19 percent, 21 percent, −12 percent, 26 percent, and −5 percent over the last six years.
    9·1 answer
  • What do the underlying values in your mission statement tell you?
    6·1 answer
  • ryugvbhjwfbdussssdjvvvvvvvvvvvvvvvjjjjjjjjjjfjfjffffffjffffffffffffffffffffffjjjjjjjjjjjjjjjjjjjjjjjj
    5·1 answer
  • Find the Houston's average monthly expenditure.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!