Question
CPI 2019 April 103,531 March 103,476 February 103,079 January 103.108 1. Currently (April 2019) you sell vases at a price of $ 14 pesos. You
CPI 2019 April 103,531 March 103,476 February 103,079 January 103.108
1. Currently (April 2019) you sell vases at a price of $ 14 pesos. You are going to ask for a loan which you must pay for the next five years. The condition that the bank asks you to do is that during the loan time the sale price of the vases is indexed to inflation. Considering the above, what would be the price at which you would sell your vases in April 2024? _______________ Hint: You hired an economic consultant and he tells you that the expected CPI for April 2024: 154,745 2. In the year 2000, it was established that the minimum wage was $ 37.90 (the CPI for January 2000 was 44,931). If by law inflation is indexed to salary, what should be the salary for April 2019? ________________. Considering that the current salary (April 2019) is $ 102.68, we can conclude that with respect to 2000, the minimum wage paid in Mexico it has been losing its purchasing power (T / F) __________
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