What is the inflation rate in 2015

Assignment Help Microeconomics
Reference no: EM133537345

Assignment:

Suppose that the residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2014 they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 carrots for $50. In 2015 they buy 75 heads of cauliflower for $225, 80 bunches of broccoli for $120, and 500 carrots for $100. If the base year is 2014, what is the CPI in both years? What is the inflation rate in 2015?

Reference no: EM133537345

Questions Cloud

Explaining the usefulness of the property : Explaining the usefulness of the property, how it's advantageous to the prospect, and the benefits it provides is a way of overcoming no
How does one become a member of the board : How does one become a member of the board? Describe at least one state regulation related to general nurse scope of practice.
How you will accommodate for diverse backgrounds : The specific ASCA standard and competencies that this lesson addresses. The main goals and objectives of the lesson. How you will differentiate for students
Type of compensation should not be confused : To institute this form of punishment, the defendant should have been found to have committed an outstandingly risky action
What is the inflation rate in 2015 : If the base year is 2014, what is the CPI in both years? What is the inflation rate in 2015?
What are some modern influences that you observe impacting : what are some modern influences that you observe impacting the beliefs and practices of today's parents? How do factors such as technological advancements
What would you like to see added or eliminated or modified : Which perspectives resonated with you the most? The least? What would you like to see added or eliminated or modified in this class?
What changes you have made to the event since you developed : Description of the event in terms of: Chosen Location/Venue, Date and Duration, Timing, Theme, Decor, Layout, Seating, Entertainment, Lighting, Sound
How might incorporating mobile applications into : How might incorporating mobile applications into your physical education classroom impact your students (positively and/or negatively)? How would implementing

Reviews

Write a Review

Microeconomics Questions & Answers

  Find ratio of annual federal government current tax receipts

Calculate the ratio of annual Federal government current tax receipts to that of U.S. GDP for 1960-2015. Has this ratio increased or decreased over time?

  Operate a carpeting and home textile manufacturing business

You operate a carpeting and home textile manufacturing business: Red Carpet Thready Co. Answer the following questions about your firm's operations.

  Based on the theory of consumer behavior

Based on the Theory of Consumer Behavior discussed in Chapter Eight, why would consumers start buying iPads in larger numbers instead of larger computers as they did in past decades?

  What could you change to build synergy your answer cannot

1. you have been working with each environment individually now its time to integrate and synthesize.2. perform

  What packages will the monopolist offer to the two consumers

Suppose the monopolist can distinguish the two consumers and is also able to offer them fixed-quantity packages, so that they cannot continuously choose any amount they want. What packages will the monopolist offer to the two consumers (state quan..

  What are dysfunctional characteristics of the fis project

What are the dysfunctional characteristics of the FIS project team? Is poor group development process a consequence of dysfunctional characteristics?

  Why is default rule a savvy business strategy on the company

Many online subscription services have automatic renewal policies. Why is this default rule a savvy business strategy on the part of the online company?

  Mode of production

What does Marx mean when he uses the term “mode of production”? How is the mode of production related to the forces of production and the relations of production? (Be sure to carefully define ‘forces of production’ and ‘relations of production’ in yo..

  Between log-linear model and log-log model

How do you choose between log-linear model and log-log model? How about linear log-linear? And how about linear-log and log-log? Why? How do you interpret coefficients of a A) log-Linear B) log-log c) linear-log model?

  Which adviser was a better selector of individual stocks

Can you tell which adviser was a better selector of individual stocks (aside from the issue of general movements in the market)? If the T-bill rate were 6% and the market return during the period were 14% which adviser would be the superior stock..

  Explain the meaning of monetary neutrality

Explain the meaning of monetary neutrality and illustrate graphically that there is monetary neutrality in the long run in the aggregate demand–aggregate supply model. Be sure to label:

  Generate list of stated correspondent to far western states

Using the cigconsump dataset, generate a list of the stated correspondent to the far western states: Washington, Oregon. California Nevada, Utah Idaho.

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