Consider the following price indexes: 90 in 2017, 100 in 2018, 110 in 2019, 121 in 2020,
Question:
a. Which year is likely the base year?
b. What is the inflation rate from 2018 to 2019?
c. What is the inflation rate from 2019 to 2020?
d. If the cost of a market basket in 2018 is $2,000, what is the cost of the same basket of goods and services in 2017? In 2021?
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a 2018 b 10 ...View the full answer
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Gabriela Rosalía Castro
I have worked with very different types of students, from little kids to bussines men and women. I have thaught at universities, schools, but mostly in private sessions for specialized purpuses. Sometimes I tutored kids that needed help with their classes at school, some others were high school or college students that needed to prepare for an exam to study abroud. Currently I'm teaching bussiness English for people in bussiness positions that want to improve their skills, and preparing and ex-student to pass a standarized test to study in the UK.
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