What is the CPI

Assignment Help Macroeconomics
Reference no: EM131439010

If the price of a basket of goods in 1982-1984 was $200, the price of the basket in 2009 was $500, and the price of the basket in 2010 was $700, what is the CPI for 2009?

Reference no: EM131439010

Questions Cloud

Differentiate between microeconomics and macroeconomics : Differentiate between microeconomics and macroeconomics. Briefly stated, microeconomics is about individual decision makers, whereas macroeconomics is about the aggregate effect of all decision makers
What types of medication would you expect the client to be : How would you incorporate psychopharmacological treatment when working with a client suffering from depression and addiction? What types of medication would you expect the client to be prescribed?
What needs of the participants are being addressed : What needs of the participants are being addressed in the training design? How will you determine if participants are applying their learning back on the job?
Does it still have a purpose in modern life : What does the constitution mean to you? How do you judge its value, Does it still have a purpose in modern life? How has it affected your life? Don’t limit yourself in expression. Be as candid as you would like. Details behind your opinion would be v..
What is the CPI : If the price of a basket of goods in 1982-1984 was $200, the price of the basket in 2009 was $500, and the price of the basket in 2010 was $700, what is the CPI for 2009
Describe a process situation in a service industry : Describe a process situation in a service industry where one of the elements on the diagram seems to have been omitted, explain the effect of the omission, and how you would improve the situation.
Outline importance of scm and om within product industries : Outline the importance of SCM and OM within product and service industries. Offer examples from any of materials covered. Provide academic reasoning for the critical need of supply chain management within the business environment.
What are risk factor for children to become involved in gang : In the increasingly violent times that the U.S. is experiencing, it has been observed that children in some areas are terrorized by street violence. Gang warfare can easily turn a quiet neighborhood into a war zone, where children might become ina..
Goal of maximizing revenues and profits : From the perspective of a manufacturer (producing a product of your choice) operating with the goal of maximizing revenues and profits, outline strategies for succeeding at this goal under each of the four market forms:

Reviews

Write a Review

Macroeconomics Questions & Answers

  Why not simply pass a law that prohibits firms from changing

If a nation desires to have stable prices (or low inflation), why not simply pass a law that prohibits firms from changing prices? Explain the pros and cons associated with this case.

  Operations of a criminal justice organizations

How does technology impact the overall operations of a criminal justice organizations? Discuss both advantages and disadvantages of the use of new technology. Describe some limitations of becoming to dependent on technology.

  Comparative advantage in technology

Techland and Clothworld are 2-nations with the similar number of employees. In Techland each employee can make 4 units of technology OR 4 units of clothing.

  What do economists mean

In the USA, it is the opposite: No harvesting is allowed unless the deceased had signed, while still alive, an organ donor form authorizing doctors to harvest any needed organs. Use supply and demand figures to show in which country organ shortage..

  What might the us congress do to stabilize aggregate demand

Econ 104- If the Fed were to do nothing, what might the U.S. Congress do to stabilize aggregate demand? Again, please be specific.

  Assume that there are many countries capable of producing

Assume that there are many countries capable of producing two goods, and that each country has only one factor of production, labor.

  Illustrate what factors will increase or decrease the level

Illustrate what factors will increase or decrease the level of international capital mobility between one nation and the rest of the world.

  Under what conditions might the plant not be built

a paper recycling facility is proposed ofr a town. because of the bleaches and other chemicals used in paper recycling, there are concerns about the air and water pollution from the plant. a team of economists has studied the facility. the total b..

  Calculate the monopoly price

Two company face a demand equation given by: P=200,000-6(q1+q2) where q1 and q2 are the outputs of the two firms. The total cost equations for the two company's are given by:

  Two indicators of economic development include gross

two indicators of economic development include gross domestic product gdp and the human development index hdi. what is

  Market for ethanol in australia

What impact does the federal government's subsidy of 38 cents per litre on ethanol production have on the market for ethanol in Australia? Will the producers of ethanol necessarily be 38 cents per litre better off because of the subsidy?

  Demand and total cost functions

A firm faces the following demand and total cost functions:

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