Inflation, Operation Research

Assignment Help:

 Inflation

Inflation is a general increase in the price of goods and services. The inflation rate, as measured by the Consumer Price Index (CPI), was 9.9% in 20x2-x3 and is expected to be 8% in 20x3-x4. This does not mean that prices will be lower in 1993-94. It merely means that the general increase in prices will be lower. An example will clarify the point.

The prices of certain items are included in calculating the CPI. If a given quantity of these items cost Rs.10,000 in the beginning of 20x2-x3, then at the end of 20x2-x3 they would cost Rs.10,990 which is 9.9% more. Further at the end of 20x3-x4 they will be expected to cost Rs.11,869 which is 8% more than the cost at the beginning of the year. Clearly the prices have not fallen, only the rate of increase has slowed down.

Figure 1: Inflation as Reflected by the Cost of Items Worth Rs.10,000
on 1st April 1992

1831_inflation.png

         1st April 20x2  1st April 20x3 1st April 20x4


Related Discussions:- Inflation

Explain the graicunas theory, Question 1 Discuss the impact of Henry Fayol...

Question 1 Discuss the impact of Henry Fayol's principles of management on the modern techniques of management with the help of suitable examples Question 2 Explain the Gary

Waiting queques, During busy times, 60 potential customers per hour arrive ...

During busy times, 60 potential customers per hour arrive at the booth (assume a Poisson distribution). A booth worker takes 5 minutes, on average, to meet the information needs of

Information resources - selection principles, INFORMATION RESOURCES - SELEC...

INFORMATION RESOURCES - SELECTION PRINCIPLES: Selection of materials for a library requires sagacity, adroitness and attention to people's needs for everything from books and

Analyzing marketing problems and cases , Cases are generally based on certa...

Cases are generally based on certain issues and problems. Diagnostic, analytical and decision making skills help in case solution. A case study or case based assessment is designed

Data collection-requirement gathering methods, Data Collection / Requiremen...

Data Collection / Requirement Gathering Methods 1. Discuss about the data collection or requirements gathering methods that will be used to conduct the research. 2. Discus

Range - measure of dispersion , RANGE Range  is the difference  betw...

RANGE Range  is the difference  between  the highest  and the  lowest  value is  series. This is the simplest  absolute measure  of dispersion. Symbolically  : R= L- S

Linear programming examples, Solved LP Sample Assignment & Questions A ...

Solved LP Sample Assignment & Questions A person desires to decide the ingredients of a diet which will satisfy his routine necessities of fats, proteins, and carbohydrates at

Frequency distribution graphs, Frequency  Distribution Graphs Freq...

Frequency  Distribution Graphs Frequency distribution graphs may be histogram frequency  polygon  frequency  curve  ogive curve.   1. Histogram The histogram is draw  f

Simplex method, Solve the following Linear Programming Problem using Simple...

Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0

Nass food produce tow kinds of popular dark chocolate bars, Nass food prod...

Nass food produce tow kinds of popular dark chocolate bars

Write Your Message!

Captcha
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