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Mars2501 [29]
3 years ago
14

Calculating inflation using a simple price index

Business
1 answer:
nekit [7.7K]3 years ago
7 0

Answer:

A. A new mobile device for personal computing became available for purchase.

C. Energy drinks became increasingly popular on college campuses between 2010 and 2012 due to significant improvements in flavor.

D. As the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculators in their cell phones or on their computers.

Explanation:

A general increase in the price of commodities is known as inflation. the change in inflation is calculated using price index.

The statement that ilustrate why price indexes such as the CSPI might overstate inflation in the cost of going to collage are:

a new mobile device for personal computing became available for purchase.

as the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculator in their cell phones or in their computers.

energy drinks became increasingly popular on collage between 2010 and 2012 due to significant improvements in flavour.

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If $1,000 is deposited in a certain bank account and remains in the account along with any accumulated interest, the dollar amou
Naddika [18.5K]

Answer:

The rate is greater than 8%

Explanation:

Given

\small I = 1,000 \left (\left (1+\frac{r}{100} \right )^{n}-1 \right )

<em>Missing part of question</em>

I =210

n =2

Required

Is r > 1

We have:

\small I = 1,000 \left (\left (1+\frac{r}{100} \right )^{n}-1 \right )

Substitute values for r and I

210 = 1,000 \left (\left (1+\frac{r}{100} \right )^{2}-1 \right )

Divide both sides by 1000

0.210 = \left (\left (1+\frac{r}{100} \right )^{2}-1 \right )

Add 1 to both sides

1.210 = (1+\frac{r}{100} \right ))^{2}

Take square roots of both sides

\sqrt{1.210} = 1+\frac{r}{100}

1.1 = 1+\frac{r}{100}

Subtract 1 from both sides

0.1 = \frac{r}{100}

Multiply both sides by 100

r = 10

10 > 8

<em></em>

<em>Hence, the rate is greater than 8%</em>

7 0
3 years ago
Reflect on a issue of law and order being face the problem of<br> Pakistani nation​
kherson [118]

Answer:

Critically reflect on 2 the serious issue of law and order being faced by Pakistani nation today and write a letter to the editor of an English newspaper and express your the serious issue of law and order being faced by Pakistani today and write a letter to the editor of an English newspaper and express your opinion as a responsible citizen to improve the situation. the serious issue of law and order being faced by Pakistani today and write a letter to the editor of an English newspaper and express your opinion as a responsible citizen to improve the situation.

Explanation:

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Nominal GDP, Exports, and Imports
yKpoI14uk [10]

Answer:

a.

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b.

Net Exports 2016 are  - $552.1 billion.

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The net exports for a country is the difference between the value of exports and the value of imports of a country over a certain period of time. The amount of net exports can be wither positive or negative depending upon the value of exports being in excess of the value of imports or not. The formula for net exports is,

Net Exports = Value of Exports - Value of Imports

a.

Net Exports for 2015 = 2344  -  2815.4

Net Exports for 2015 =   - $471.4 billion

b.

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Net Exports for 2016 =  - $552.1 billion

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