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Needed help with these questions, keep getting the wrong answer: The table below details Student A's monthly purchases during 2022 and 2023. Answer the following
Needed help with these questions, keep getting the wrong answer:
The table below details Student A's monthly purchases during 2022 and 2023. Answer the following questions writing out dollars and cents for monetary values e.g. $1.00, item weights to two decimal places e.g. 010, price index values as whole numbers without decimals, e.g. 110, and percentages to one decimal place e.g. 1.0%. Quantities Prices ($) (# consumed per month) Hotdogs Cans of Cola Chocolate bars Magazines Movies a. The value of Student A's 2022 shopping basket using 2022 prices is $ (84.20| @ . The item weights associated with this shopping basket are | 0.12| @ for hotdogs, | 0.49| @ for cola, | 0.08| @ for chocolate bars, @ for magazines, and @ for movies. b. The value of Student A's 2022 shopping basket using 2023 pricesis $ [85.75| @ . If 2022 is used as the base year, the 2023 value of Student A's price index is |101.80 | @ and the 2022 value of this index is then 100 @&. With 2022 as the base year this index has changed by % between 2022 and 2023. The Bank of Canada purchases $5 million in government bonds from Bondholder X, who has a deposit at Frontenac Bank. a. As a result of this transaction the balance sheets of both the Bank of Canada and Frontenac Bank will change. The Bank of Canada's holdings of government bonds rise by $5 million on the assets side of the Bank of Canada's balance sheet. Meanwhile Frontenac Bank's deposit at the Bank of Canada | rises by $5 million on the liabilities side of Frontenac Bank's balance sheet. Frontenac Bank's deposit at the Bank of Canada | rises by $5 million on the assets side of Frontenac Bank's balance sheet. Bondholder X's deposit | rises by $5 million on the liabilities side of Frontenac Bank's balance sheet. b. If the reserve ratio is 5%, Frontenac Bank's excess reserves |increase by $ 4,750,000 c. The final maximum effect on the money supply is a(n) |increase of $ 95 x millionStep by Step Solution
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