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
bearhunter [10]
3 years ago
14

Assume the market basket for the consumer price index has two​ products, bread and​ milk, with the following values in 2013 and

2018 for price and​ quantity: Base Year​ (2013) 2018 Product Quantity Price Price Milk 50 ​$1.20 ​$1.50 Bread 100 1.00 1.10 The Consumer Price Index for 2018 equals
a. 118
b. 116
c. 86
d. 85
e. none of the above
Business
1 answer:
Gnesinka [82]3 years ago
3 0

Answer:

b. 116

Explanation:

The calculation of Consumer Price Index is shown below:-

CPI = ((Base year basket quantities × current year price) ÷ (Base year basket quantities × Base year prices)) × 100

= ((50 × $1.50) + (100 × $1.10)) ÷ ((50 × $1.20) + (100 × $1.00)) × 100

= (185 ÷ 160) × 100

= 115.6

0r 116

So, for computing the consumer price index for 2018 we simply applied the above formula.

You might be interested in
An increase in aggregate demand has what outcome on price level and output with respect to long-run equilibrium?
DedPeter [7]

Answer:

real GDP will remain the same and price level will increase

Explanation:

4 0
3 years ago
Read 2 more answers
interview any business owner on how he/she ensures that the following elements of Total Quality Management (TQM)positively impac
SOVA2 [1]
Hey there

Total Quality Management<span> (</span>TQM<span>) is a comprehensive and structured approach to an organizational </span><span>management. 

</span>Total Quality Management refers to <span>systems that focus on quality. Make the quality more better and less cheaper. The better the quality of the item, the better they will make a profit.   </span>
3 0
3 years ago
1. R 20 million of new investment has been added to the South African economy, the current MPS is
gogolik [260]

Answer:

Yes

Explanation:

because south Africa can't put the money on the side

6 0
2 years ago
33. This question refers to the videos we watched about the “Crisis of Credit.” 1. Before 2008, why did investment bankers think
Zigmanuir [339]

Before 2008, the investment bankers thought that buying home mortgages was a good and safe investment because it was a stable investment, which is less impacted by inflation.

The “subprime” mortgages were more riskier than “prime” mortgages because the lender were more likely to default the mortgage.

<h3>What was the event "Crisis of Credit" about?</h3>

The Crisis of Credit, also known as the financial crisis of 2008 or Global Financial Crisis referred to a severe worldwide economic crisis that occurred in the early 21st century. It was considered the most serious financial crisis since the Great Depression (1929).

In 2008, the financial crisis began with cheap credit and lax lending standards that fueled a housing bubble. When bubble burst, all banks were left holding trillions of dollars as worthless investments in subprime mortgages and the Great Recession that followed cost many their jobs, their savings and their homes.

Read more about Crisis of Credit

brainly.com/question/25017656

#SPJ1

3 0
11 months ago
1. Name several business etiquette guidelines that promote positive workplace conversations, in the office and at work-related s
Maru [420]

Answer:

Please see explanations below

Explanation:

1.

• Ignore or avoid negative remarks when interacting with people either at work or anywhere.

• Give sincere and specific praise to people when they surpass your expectation.

• Always use correct names and titles when addressing people.

• Always choose appropriate topics when sending mails or when communicating.

• Recognize people for good work

• listen to learn in order to be better

2.

• Be smart, cheerful and accurate at all times

• One has to be professional and courteous at all times

• Avoid small or irrelevant talk that can waste too many time hence causes delay in hitting the point of making the call

• Always end the call with a tactful cue without the receiver being offended

• Summarize the points of the call in order to be sure everyone is satisfied with the discussion.

• Plan an agenda to handle calls in-order to know what one has to discuss

3.

• When in a face to face conversation, be sure you pay utmost attention or avoid having divided attention

• One should learn how to lower his or her voice when making calls openly

• Receiving calls when you are already engaged in a face to face conversation is disrespectful hence should not be imbibed.

4 0
3 years ago
Other questions:
  • "You never get a second chance to make a good first impression," captures the importance of the __________ step in the selling p
    10·1 answer
  • Does compound interest have more of an impact for short-term investments or long-term investments? Why?
    5·1 answer
  • A fixed cost: Does not change with changes in the volume of activity within the relevant range. Requires the future outlay of ca
    13·1 answer
  • Assume the indirect method is used to compute cash flows from operations. For each item listed below, indicate the effect on net
    14·1 answer
  • Sharp Screen Films, Inc., is developing its annual financial statements at December 31, the current year. The statements are com
    5·1 answer
  • To be a successful manager, the only skills an IT project manager needs to possess is excellent technical skills.
    11·1 answer
  • Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputa
    12·1 answer
  • You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: (Ro
    7·2 answers
  • Solve the problem.
    15·1 answer
  • Assume that in a monopolistically competitive industry, firms are earning economic profit. This situation will:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!