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
ale4655 [162]
3 years ago
12

Suppose a basket of goods and services has been selected to calculate the CPI and Year 1 has been selected as the base year. In

Year 1, the basket's cost was $50; in Year 2, the basket's cost was $52; and in Year 3, the basket's cost was $55. The value of the CPI in Year 3 was
Business
1 answer:
kolbaska11 [484]3 years ago
7 0

Answer:

110

Explanation:

The consumer price index is an index that measures the inflation rate in a country. It tracks changes in prices for a basket of products and services in a country over time. CPI is calculated with a base year as the reference period.

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

consumer price index=cost of the market basket in a given year   x100

                                     cost of a market basket at the base

In this case,

CPI  =  $ 55   x 100

            $ 50

CPI = 1. 1 x 100

CPI =110

You might be interested in
The repayment of a note payable is classified in the statement of cash flows as a(n): _______
kobusy [5.1K]

The repayment of a note payable is classified in the statement of cash flows as a financing activity.

The financing activity in the cash flow statement focuses on how a firm raises capital and pays it back to investors through capital markets. The largest line items in the cash flow from financing activities statement are dividends paid, repurchase of common stock, and proceeds from the issuance of debt.

The cash flow from financing activities helps investors see how often and how much a company raises capital and the source of that capital.

To know more about financing activities here:

brainly.com/question/16377227

#SPJ4

8 0
2 years ago
A coupon for $1 off the next purchase of a pizza is an example of which kind of incentive? gift with purchase loyalty program mo
liq [111]

Answer:

Gift with purchase

Explanation:

3 0
3 years ago
Agatha has worked for ten years in the public relations department of a large firm. she has been promoted to several higher payi
otez555 [7]
If Agatha has worked for ten years in the public relations department of a large firm. she has been promoted to several higher paying managerial positions, but never to an executive position, even though she has directed several successful projects for the firm, her lack of promotion most likely illustrates the glass ceiling. It is the barrier that keeps women and young people in achieving high positions.
5 0
3 years ago
which statement was true in the past but is not generally true today? A. the training and education costs for some jobs will pro
-BARSIC- [3]

1 ).which of the following is the term for day-to-day and long-term tasks you are assinged to complete?

Job responsibilities.

2 ). why is career planing important?

It can help you narrow down your options and get the training you need.

3 ). which statement was true in the past, but not generally true today?

Young people tend to go into the job that their parents and grandparents did.

4 ). which of the following statements is accurate?

People with the same job title may perform different duties.

5 ). which of these principles would be most helpful to a young person deciding on a career?

A realistic assessment of your abilities and interests will help you find an appropriate career.

7 0
3 years ago
A diesel-powered tractor with a cost of $186,240 and estimated residual value of $5,700 is expected to have a useful operating l
scoundrel [369]

Answer:

$612

Explanation:

To compute the depreciation, first we have to compute the depreciation per hour which is given below:

= (Cost of diesel-powered tractor  - estimated residual value) ÷ (useful operating life)

= ($186,240 - $5,700) ÷ (59,000 hours)

= ($180,540) ÷ (59,000 hours)

= $3.06 per hour

Now the depreciation would be

= Operated hours  × depreciation per hour

= 200 units × $3.06

= $612

7 0
3 years ago
Other questions:
  • The positive principle, the constructionist principle, and the simultaneity principle are principles of:
    11·1 answer
  • Expand academic a sap, the publication field indicates
    14·1 answer
  • An implementation of which security principle ensures that secrets stay secret?
    5·1 answer
  • You've just learned that tuition and fees for the next semester are expected to increase by 15%. How do you think this will impa
    5·1 answer
  • When planning a budget, the biggest consideration should be the
    15·1 answer
  • A cafeteria serving line has a coffee urn from which customers serve themselves. Arrivals at the urn follow a Poisson distributi
    7·1 answer
  • The decline in Real GDP that occurs after the economy has peaked _____.
    9·2 answers
  • If we standardized both variables, what would be the regression equation that predicts standardized mortgage amount from standar
    13·1 answer
  • Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Lab
    15·1 answer
  • In which stage of the product life cycle will promotional expenditures be especially high in an attempt to create consumer aware
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!