Calculate wonderland cpi for yr2019

Assignment Help Macroeconomics
Reference no: EM132601110

Question 1: Complete Wonderland's Market Basket consisting of only two items in the following:

Table using Yr 2019 as the base year:

Yr 2019   Qty      Price         Yr2020  Qty     Price  

Oranges                     10       $20                             10       $40     

Hair Cuts                  5         $80                              5        $100   

A) Calculate Wonderland's CPI for Yr2019         

B) Calculate Wonderland's CPI for Yr2020         

C) Calculate the Inflation Rate.

Reference no: EM132601110

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