Calculate the inflation from oct 08 with corresponding month

Assignment Help Econometrics
Reference no: EM13243739

Calculate the inflation rate between
i) December of 2007 and December of 2006.
ii) November of 2007 and November of 2005 (cumulative
over 2 years)
iii) October of 2008 and the corresponding month of
base period. (cumulative since 2002)

Does anyone know what I need to do when he says "cumulative over 2years" and when he says to calculate the inflation from Oct 08 withthe corresponding month of base period?

Obviously the first one is going to be (112.6/109.9-1)x100 with mygiven values, but I don't know what it even means when he says tocalculate the rate when cumulative.

Reference no: EM13243739

Questions Cloud

Define what is the percent of calcium in the original sample : The amount of calcium in a 15.0-g sample was determined by converting the calcium to calcium oxalate, CaC2O4. The CaC2O4 weighed 12.8 g. What is the percent of calcium in the original sample
What is government spending in the economy : If GDP is $100 billion, consumptionis $60 billion, investment is $30 billion, and net exports are-$5 billion, what is government spending in this economy
Explain how the market for corn would be affected if ethanol : Explain how the market for corn would be affected if ethanol, a corn derivative, was used to fuel cars in the united States. How would the market be effected if new technology cause corn farming to be more efficient.
What is the direction of velocity of ship a relative to b : Two ships, A and B, leave port at the same time. Ship A travels northwest at 16 knots and ship B travels at 21 knots in a direction 40° west of south, What is the direction of the velocity of ship A relative to B
Calculate the inflation from oct 08 with corresponding month : Does anyone know what I need to do when he says "cumulative over 2years" and when he says to calculate the inflation from Oct 08 withthe corresponding month of base period
How does the price elasticity of demand for corn : How does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil? Explain, using economic terms, why this is so.
How many participants must be enrolled in the study : How many participants must be enrolled in the study? Assume that the standard deviation of total cholesterol is 18.5.
Explain reaction takes place in acidic solution : reaction takes place in acidic solution, \rm H_2O{(l)} and \rm H^+{(aq)} will be involved in the reaction. Places for these species are indicated by the blanks in the following restatement of the equation
Crossroads sign case assume you are the plant manager for : Crossroads Sign Case Assume you are the plant manager for Crossroads Sign Company, which produces road signs in a market that approximates perfect competition.

Reviews

Write a Review

Econometrics Questions & Answers

  Determine what is the income elasticity of demand

Suppose the market demand curve for a product is given by: Qd = 500 - 15P + 20I and the market supply schedule is: Qd = -25 + 10P + 10K. The initial values are I = 10, K = 5.what is the price elasticity of demand.

  What is the estimated exchange rate two years from now

An international corporation located in Country A is considering a project in the United States. The currency in Country A, say X, has been strengthening relative to the U.S. dollar; specifically, the average devaluation of the U.S. dollar has bee..

  When the mother of the granddaughter is the top

the daughter of a women with the income in the bottom third of the income distribution will herself have a 60% chance of being in the bottom third, a 25% chance of being in the middle third, and a 15% chance of being in the top third. Income Group..

  What values of a bundling would be more profitable

Bundling is not always superior to offering (and pricing) items separately. Consider a telecommunications firm that offers both phone service and high-speed internet. It has two consumers (named Talker and Surfer) who differ in the willingness to ..

  What other variables would be important to sell the machines

Unit Sales Price Personal Advertising Selling Expenses 132 $74 $1,140 203 74 1,400 217 55 1,160 255 53 1,210 252 64 1,490 239 70 1,460 152 75 1,200 197 58 1,020 230 65 1,390 154 61 1,040 As a first step in the analysis, the company ran simple regr..

  Explain why sharp rise in oil prices might not necessary

Since Fall of 2011, the price of oil has shown a sharp increase again as continuation steady rise in oil price attributed to the Arab Spring (the political uprising in the Middle Eastern and North African countries) started in the beginning of 201..

  Find what is the cross price-elasticity of apple sauce

If the price of pork chops falls from $8 to $6, and this leads to an increase in demand for apple sauce from 100 to 140 jars, what is the cross price-elasticity of apple sauce and pork chops at a pork chop price of $6

  Find the firms optimal quantity-price and profit

Suppose a firm's inverse demand curve is given by P = 120 - 0.5Q and its cost equation is C = 420 + 60Q + Q2a. Find the firm's optimal quantity (Q), price, and profit (1) by using the profit and marginal profit

  What is the present worth of the extra cost over a year

If the incremental cost of the sequestration process is $.019 per kilowatt-hour, what is the present worth of the extra cost over a 3 year period to manufacture plant that uses 100,000 kWh of power per month, if the interest rate is 12% per year c..

  Which is the alternate hypothesis

The mean gross annual incomes of certified welders are normally distributed with the mean of $23,577 and a standard deviation of $2,358. The ship building association wishes to find out whether their welders earn more or less than $23,577 annually..

  What would you expect to happen in the market

If the current price of the product is $100, what is the quantity supplied and the quantity demanded How would you describe this situation and what would you expect to happen in this market

  Why the supply of money needs to be increased

If nominal GDP is $4,000 billion and the amount of money demanded for transactions purposes is $800 billion, it can generally be concluded that: The asset demand for money will be $3,200 billion The total demand for money will be $4,800 billion On..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd