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(a) Suppose that a typical market based in Japan consists of `160` Oranges and `260` Textbooks.

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

YearPrice of OrangesPrice of Textbooks
20141.9190
20150.9190
20161.3110

Assume that the base year is 2015.

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

 

(b) Suppose that a typical market basket in Japan consists of `120` Pineapples and `200` Jackets.

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

YearPrice of PineapplesPrice of Jackets
20140.7160
20150.9140
20160.9130

Assume that the base year is 2016.

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

 

(c) Suppose that a typical market basket in Japan consists of `120` Oranges and `270` Bags.

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

YearPrice of OrangesPrice of Bags
20140.7110
20151210
20161.1190

Assume that the base year is 2015.

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

 

(d) Suppose that a typical market based in Norway consists of `140` Pineapples and `250` Bags.

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

YearPrice of PineapplesPrice of Bags
20141.7120
20151.1100
20161.1110

Assume that the base year is 2016.

Given this data, what is CPI in 2014?

 

(e) Suppose that a typical market basket in Mexico consists of `200` Apples and `250` Textbooks.

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

YearPrice of ApplesPrice of Textbooks
20140.6170
20150.9200
20161.180

Assume that the base year is 2014.

Given this data, what is CPI in 2015?

 

(f) Suppose that a typical market basket in Slovenia consists of `180` Oranges and `200` Textbooks.

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

YearPrice of OrangesPrice of Textbooks
20141.6140
20150.8130
20160.9220

Assume that the base year is 2016.

Given this data, what is CPI in 2016?

 

(g) Suppose that a typical market basket in Slovenia consists of `130` Oranges and `240` Bags.

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

YearPrice of OrangesPrice of Bags
20140.7170
20150.8130
20160.880

Assume that the base year is 2014.

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

 

Assume that the base year is 2016.

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

 




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