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(a) Suppose that a typical market based in Japan consists of `140` Apples and `300` Jackets.

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

YearPrice of ApplesPrice of Jackets
20140.7180
20150.890
20161.4140

Assume that the base year is 2014.

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

 

(b) Suppose that a typical market basket in Canada consists of `190` Oranges and `280` Textbooks.

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

YearPrice of OrangesPrice of Textbooks
20141.1130
20151.2110
20161100

Assume that the base year is 2014.

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

 

(c) Suppose that a typical market basket in Canada consists of `100` Avocados and `230` Jackets.

The table below shows data on prices for Avocados and Jackets in Canada for three years.

YearPrice of AvocadosPrice of Jackets
20140.8190
20150.8100
20161.2170

Assume that the base year is 2016.

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

 

(d) Suppose that a typical market based in China consists of `150` Avocados and `280` Bags.

The table below show data on prices for Avocados and Bags in China for three years.

YearPrice of AvocadosPrice of Bags
20141.8130
20151.280
20161.1160

Assume that the base year is 2015.

Given this data, what is CPI in 2014?

 

(e) Suppose that a typical market basket in Mexico consists of `130` Avocados and `250` Bags.

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

YearPrice of AvocadosPrice of Bags
20141.7120
20151.1140
20160.8190

Assume that the base year is 2014.

Given this data, what is CPI in 2015?

 

(f) Suppose that a typical market basket in Norway consists of `200` Avocados and `220` Textbooks.

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

YearPrice of AvocadosPrice of Textbooks
20140.5110
2015180
20161170

Assume that the base year is 2016.

Given this data, what is CPI in 2016?

 

(g) Suppose that a typical market basket in Mexico consists of `200` Avocados and `220` Jackets.

The table below show data on prices for Avocados and Jackets in Mexico for three years.

YearPrice of AvocadosPrice of Jackets
20141.1190
20150.8160
20160.9180

Assume that the base year is 2016.

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

 

Assume that the base year is 2014.

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

 




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