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blondinia [14]
3 years ago
10

Suppose the economy only produces three goods: bread, laptops, and movies. Calculate the CPI of 2008, using 2004 as the base yea

r.
Business
1 answer:
arsen [322]3 years ago
5 0

Answer:

Most of the question is missing, so I looked for a similar one and found the attached image.

CPI = (current year price × base year quantity) / (base year price × Base year quantity)

CPI for bread in current year = [($1.50 × 2,000) / ($1 × 2,000)] x 100 = 150

CPI for laptops in current year = [($1,500 × 100) / ($2,000 × 100)] x 100 = 75

CPI for movies in current year = [($7 × 50) / ($5 × 50)] x 100 = 140

CPI for current year = (CPI for bread x weight of bread) + (CPI of laptops x weight of laptops) + (CPI of movies x weight of movies) = (150 x $2,250/$227,530) + (75 x$225,000/$227,530) + (140 x $280/$227,530) = 1.48 + 74.17 + 0.17 =75.82

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You should make sure you are putting money into it every week, month, or year.

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Which of the following can be classified as data flow for a book store?
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What item can a consumer expect to find in a retail store
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Company FIN3610-FTRA has a six-year project that requires an initial investment of $30,000. Every year, the project will pay fix
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909.09

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3 years ago
After visiting several automobile dealerships, Richard selects the car he wants. He likes its $11,500 price, but financing throu
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Answer:

The answers are:

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  • r = 10%
  • t = 2 years

total interest = $9,200 x 10% x 2 = $1,840

B) the total cost of the car = down payment + principal + total interest

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C) monthly payment = (principal + total interest) / total number of payments

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