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
ser-zykov [4K]
3 years ago
15

Suppose that the typical consumer basket consisted of 3 units of pork and 4 units of corn. In 2015, price of pork was $20 and pr

ice of corn was $12. In 2016, price of pork was $25 and price of corn was $18. What is the consumer price index for 2016 if the base year is 2015?
Business
2 answers:
SVEN [57.7K]3 years ago
8 0

Answer:

136.11

Explanation:

Consumer price index = price of basket current year/ price of basket base year x 100

For 2015( 3units pork x $20 + 4 units corn x $12) = $108

For 2016( 3units pork x $25 + 4 units corn x $18) = $147

CPI = $147/$108 x 100

= 136.11

Galina-37 [17]3 years ago
8 0

Answer:

CPI= 136.11

Explanation:

The price index is gotten by the following;

Consumer price index divided by price of basket current year price of basket base year and multiply by 100

We have as

For year 2015

3units pork x $20 + 4 units corn x $12

= $108

For for the year 2016

= 3units pork x $25 + 4 units corn x $18

= $147

CPI = $147/$108 x 100

CPI = 1.3611 × 100

CPI= 136.11

Our consumer price index is 136.11

You might be interested in
Select the correct answer.
Naya [18.7K]
C is the correct answer
4 0
3 years ago
Read 2 more answers
What important technology has done the most
laiz [17]
The answer is Wireless networks
8 0
3 years ago
The stated interest rate is the rate quoted in the bond contract used to calculate the cash payments for interest.
Drupady [299]
That statement is true

A stated interest rate is the return of investment that is not compounded by the interest accumulation throughout the years.
In general,  a stated interest rate will give us a lower amount of return compared to effective annual interest rate that compound the accumulation throughout the years,
8 0
3 years ago
What kind of value chain can be described as purchases being made by the retailer from the manufacturer and then the retailer se
shepuryov [24]

Answer:

D. Manufacturer to wholesaler to consumer

Explanation:

I had the same quiz question and I chose that one. May not be correct though

7 0
2 years ago
A provision stating that the insurer cannot dispute the validity of a policy after a specific period is called a(n) ______.
Mazyrski [523]

Incontestability clause - This tells us the insurance company may not contest the validity of the policy during the insured's lifetime for any reason, including fraud, if the policy has been in effect for a predetermined duration

What is incontestability clause?

An incontestability clause in a life insurance policy safeguards the policyholder and forbids the insurer from changing any aspect of the insurance coverage as a result of a misinterpretation or false statements made by the insured (the policyholder) after a certain amount of time. A life insurance policy's provider cannot revoke any statement after a specified period of time thanks to an incontestability provision. This provision is frequently regarded as offering policyholders the most robust defense.

Learn more about insurance here:

brainly.com/question/16267577

#SPJ4

8 0
1 year ago
Other questions:
  • A carpenter sells _______ , whereas an automobile manufacturer sells _______.
    12·1 answer
  • He van halen contract with concert venues, article 126, states that the dressing rooms must have certain munchies, including m&a
    13·1 answer
  • Westchester Corp. is considering two equally risky, mutually exclusive projects, both of which have normal cash flows. Project A
    10·1 answer
  • Which of the following examples demonstrates how successful organizations manage their primary activities?
    12·1 answer
  • Which of the following teams is more likely to be made up of employees from about the same hierarchical level but different work
    11·1 answer
  • Develop an arithmetic example that illustrates how a nation could have an absolute disadvantage in the production of two goods a
    7·1 answer
  • Which of Graeter’s stakeholders are most affected by the family’s decision to take a long-term view of the business rather than
    6·1 answer
  • A student was asked to draw an aggregate demand and aggregate supply graphLOADING... to illustrate the effect of an increase in
    12·2 answers
  • Suppose that there is a French shipbuilder that imports American made aluminum for parts in its ships. The French shipbuilder ne
    5·1 answer
  • An investment project provides cash inflows of $705 per year for eight years. What is the project payback period if the initial
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!