User Account

All Pages

Percentage increase of the average price level

Assignment Help Business Economics
Reference no: EM133077515

The following table gives the value of the consumer price index for 2009 through 2018.

Year

Consumer Price Index

Percentage Increase

2009

214.5

NA

2010

218.1

 

2011

224.9

 

2012

229.6

 

2013

233.0

 

2014

236.7

 

2015

237.0

 

2016

240

 

2017

245.1

 

2018

251.1

 

Instructions: To answer the following questions, complete the percentage increase column in the above table. Enter your responses rounded to two decimal places and include a negative sign (-) where appropriate.

a) Use the data in the table to calculate the inflation rate in 2014.

b) What was the percentage increase of the average price level from 2009 to 2015?

c) Inflation was highest in? inflation was lowest in?

Reference no: EM133077515

Questions Cloud

What amount of personnel costs will be allocated to A : If the number of employees is considered the cost driver, what amount of personnel costs will be allocated to Department A
International division of labour contribute to globalisation : How does the international division of labour contribute to globalisation?
Develop an effective strategy : Given this dilemma, how would you develop an effective strategy to ensure you act in the best interests of your company, but without engaging in collusion, whic
Consumption curve for wheat : Smith cannot tell the difference between rice and wheat and spends all her food budget of $24/wk on these foodstuffs. If rice costs $3/lb, draw Smith's price- c
Percentage increase of the average price level : The following table gives the value of the consumer price index for 2009 through 2018.
How much did Sheridan pay : Ace reported net income of $630000 for the year ended December 31, 2021, How much did Sheridan pay for its 20% interest in Ace
Identify and list the key systems and processes : Identify and list the key systems and processes in your organisation and identify an opportunity for improvement for at least one (1) key system or process
What should the gain be on sale of this investment : During 2021, Cheyenne earned $361000 and paid dividends of $244000. What should the gain be on sale of this investment
Handling diversity issues in the workplace : Matt is the head chef for a hotel; he is responsible for the kitchen staff on his shift, Paul, Pete, Simon, Malee, Maeve and Kate.

Reviews

Write a Review

Business Economics Questions & Answers

  Mid-point method to calculate own-price elasticity of demand

A cafe catering for staff in a large corporation offers steak sandwiches and hamburgers as part of its menu. a) Recently corporation staff were awarded a 7.5% wage rise. your conclusion based upon your estimate of the own-price elasticity of demand. ..

  Survey of households in a small town

What is the confidence interval for the proportion of households represented at a town meeting. Survey of households in a small town showed that in 850 of 1,200 sampled households.

  Predict about economic growth of different countries

Explain the concept of diminishing returns to physical capital. What does it predict about economic growth of different countries over time?

  What is the reason for efficiency wages

Explain what is meant by the principal agent problem, and relate it to shirking. What are the different pay incentive plans that correct for shirking on the job? How does profit sharing reduce shirking? What is the reason for efficiency wages?

  Law of diminishing marginal returns

The law of diminishing marginal returns

  Budget line and indifference curves

Colin and Isabelle both have a weekly dessert budget of $20. The price of an ice cream cone is $2.50, and the price of a candy bar is $1.25. Using a Consumer Choice Theory diagram (budget line & indifference curves), show how it is possible that Coli..

  Marginal rate of substitution and utility maximizing bundle

Arwen-i has income=96 and faces prices Px=4 for Good X and apt=10 for good Y. Find Arwen's Marginal Rate of Substitution and her utility maximizing bundle for each of the following utility functions.

  What are the benefits and costs of staying in college

Amanda is entering her last year in college. Her tuition is $15,000 for the year, and she paid for it with her savings which were earning 5% interest. If she graduates with a degree, she will find a job paying $50,000 a year. What are the benefits an..

  Quantity demanded and demand schedule

(a) Distinguish between ‘Quantity Demanded' and ‘Demand Schedule'.

  Paying to keep a generic out

Suppose your firm produces a branded drug at an average cost of ?$33 per dose and a price of ?$66 per dose.

  Describe knowledge and understanding of suburbanization

Describe knowledge and understanding of suburbanization and central city decline after WWII

  Bullying and protectionism have lot in common

Economist Steven Landsburg (New York Times, January 16, 2008 p. A23) made the point that “bullying and protectionism have a lot in common. They both use force (either directly or through the power of law) to enrich someone else at your involuntary ex..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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