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Suppose that a typical market based in Japan consists of 200 Oranges and 200 Jackets.

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

YearPrice of OrangesPrice of Jackets
20141.8130
20150.9120
20161220

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 the US consists of 200 Oranges and 220 Bags.

The table below show data on prices for Oranges and Bags in the US for three years.

YearPrice of OrangesPrice of Bags
20140.5140
20151.2160
20161220

Assume that the base year is 2016.

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

 

Hint


Suppose that a typical market basket in Mexico consists of 150 Oranges and 240 Jackets.

The table below shows data on prices for Oranges and Jackets in Mexico for three years.

YearPrice of OrangesPrice of Jackets
20140.7110
20151.1190
20161.6100

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 Canada consists of 170 Apples and 240 Textbooks.

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

YearPrice of ApplesPrice of Textbooks
20141.1130
20151.1180
20161.2150

Assume that the base year is 2016.

Given this data, what is CPI in 2014?

 

Hint


Suppose that a typical market basket in Japan consists of 100 Apples and 230 Textbooks.

The table below shows data on prices for Apples and Textbooks in Japan for three years.

YearPrice of ApplesPrice of Textbooks
20140.6200
20150.8150
20161.6190

Assume that the base year is 2015.

Given this data, what is CPI in 2015?

 

Hint


Suppose that a typical market basket in the US consists of 200 Oranges and 210 Textbooks.

The table below shows data on prices for Oranges and Textbooks in the US for three years.

YearPrice of OrangesPrice of Textbooks
20141.3120
20150.9180
20161170

Assume that the base year is 2014.

Given this data, what is CPI in 2016?

 

Hint


Suppose that a typical market basket in China consists of 110 Pineapples and 200 Textbooks.

The table below show data on prices for Pineapples and Textbooks in China for three years.

YearPrice of PineapplesPrice of Textbooks
20140.6150
20150.8190
20160.9180

Assume that the base year is 2016.

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

 

Hint


Suppose that a typical market basket in Norway consists of 200 Avocados and 200 Textbooks.

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

YearPrice of AvocadosPrice of Textbooks
20141.6200
20151.2100
20161.4140

Assume that the base year is 2016.

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

 

Hint