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Item Quantity (2012) Price (2012) Loaves of bread 20 $3.00 Jugs of soda 20 $2.00 Item Quantity (2013) Price (2013) Loaves of bread 22 $4.00
Item Quantity (2012) Price (2012) Loaves of bread 20 $3.00 Jugs of soda 20 $2.00 Item Quantity (2013) Price (2013) Loaves of bread 22 $4.00 Jugs of soda 30 $1.50 a. What quantities are in the CPI basket? b. What is the cost of the CPI basket using 2012 prices? C. What is the cost of the CPI basket using 2013 prices? d. What is the CPI in 2013? The table below gives ABC's CPI for six years. Calculate the inflation rates between 1997 to 1998, 1998 to 1999, 1999 to 2000, 2000 to 2001, and 2001 to 2002. Year CPI 1997 152.5 1998 157.0 1999 160.6 2000 163.1 2001 166.7 2002 172.3 TER 9 What components of GDP (if any) would each of the following transactions affect? Explain. a. A family buys a new refrigerator. b. Aunt Jorah buys a new house. C . PROTON sells a Perdana from its inventory. d. You buy a roti canai. e . PLUS repraves North-South highway. Your mum buy an Italian handbag
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