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CPI market basket %change nominal CPI interest real GDP year nominal GDP in CPI nominal expected GDP market value rate on CPI from minimum

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CPI market basket %change nominal CPI interest real GDP year nominal GDP in CPI nominal expected GDP market value rate on CPI from minimum %change ($trillions) deflator basket without a car ($trillions) previous wage in CPI value food loan at year and a bank energy 2000 $20.0 $20.0 100.0 2010 $24.0 2022 $26.0 $26.4 2020 $25.0 $30.0 2021 $25.5 $31.0 $32.0 $10,000 $8,000 100 5.0% 110.0 $12,000 $10,000 120 4.0% 120.0 $13,800 $12,000 138 3.0% 121.6 $14,000 $13,000 140 1.4% 123.1 $15,120 $13,800 151 8.0% $5.00 7% $5.00 5% $5.50 3% $6.00 2% $6.00 5% ove ovo ove od dvo 4% 4% 4% 2% 8% Question 1 1.67 pts How would you check if the value of the CPI for 2022 is correct? See if the percentage change in the GDP deflator equals the CPI value. Use the values of nominal and real GDP in 2022 to compute the CPI value. See if the values of the CPI market basket in 2022 and 2000 when used in the CPI formula gives this CPI value.

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