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Suppose that a typical market based in China consists of 200 Avocados and 300 Textbooks.

The table below shows data on prices for Avocados and Textbooks in China for three years.

YearPrice of AvocadosPrice of Textbooks
20140.9190
20151.1210
20161.4200

Assume that the base year is 2015.

Given this data, what is the price of the basket in 2014?

 

Hint


Suppose that a typical market basket in Canada consists of 160 Pineapples and 200 Jackets.

The table below show data on prices for Pineapples and Jackets in Canada for three years.

YearPrice of PineapplesPrice of Jackets
20140.6180
20150.8150
20160.8220

Assume that the base year is 2015.

Given this data, what is the price of the basket in 2015?

 

Hint


Suppose that a typical market basket in China consists of 100 Avocados and 230 Textbooks.

The table below shows data on prices for Avocados and Textbooks in China for three years.

YearPrice of AvocadosPrice of Textbooks
20140.9140
20150.8210
20161.2120

Assume that the base year is 2014.

Given this data, what is the price of the basket in 2016?

 

Hint


Suppose that a typical market based in Norway consists of 160 Pineapples and 280 Jackets.

The table below show data on prices for Pineapples and Jackets in Norway for three years.

YearPrice of PineapplesPrice of Jackets
20141.2170
20150.9110
20161.1190

Assume that the base year is 2014.

Given this data, what is CPI in 2014?

 

Hint


Suppose that a typical market basket in Mexico consists of 160 Avocados and 230 Textbooks.

The table below shows data on prices for Avocados and Textbooks in Mexico for three years.

YearPrice of AvocadosPrice of Textbooks
20140.5110
20151.1190
20161.3110

Assume that the base year is 2014.

Given this data, what is CPI in 2015?

 

Hint


Suppose that a typical market basket in Japan consists of 110 Oranges and 240 Bags.

The table below shows data on prices for Oranges and Bags in Japan for three years.

YearPrice of OrangesPrice of Bags
20141.5190
20150.8120
20161.480

Assume that the base year is 2016.

Given this data, what is CPI in 2016?

 

Hint


Suppose that a typical market basket in Slovenia consists of 180 Apples and 220 Textbooks.

The table below show data on prices for Apples and Textbooks in Slovenia for three years.

YearPrice of ApplesPrice of Textbooks
20141.2120
20151.2140
20161.4100

Assume that the base year is 2015.

Given this data, what is the inflation rate between 2014 and 2015?

 

Hint


Suppose that a typical market basket in Mexico consists of 150 Apples and 200 Bags.

The table below shows data on prices for Apples and Bags in Mexico for three years.

YearPrice of ApplesPrice of Bags
20141.3180
20150.9170
20161.1220

Assume that the base year is 2016.

Given this data, what is the inflation rate between 2015 and 2016?

 

Hint