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Suppose that a typical market based in Japan consists of `140` Oranges and `270` Textbooks.

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

YearPrice of OrangesPrice of Textbooks
20141.1180
20151.2140
20161.3100

Assume that the base year is 2014.

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

 

Suppose that a typical market basket in Japan consists of `160` Oranges and `260` Jackets.

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

YearPrice of OrangesPrice of Jackets
20141.8170
20150.9200
20160.9190

Assume that the base year is 2014.

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

 

Suppose that a typical market basket in Japan consists of `180` Apples and `270` Jackets.

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

YearPrice of ApplesPrice of Jackets
20141.2110
20151180
20160.8170

Assume that the base year is 2014.

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

 

Suppose that a typical market based in Slovenia consists of `100` Oranges and `300` Textbooks.

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

YearPrice of OrangesPrice of Textbooks
20141.8190
20150.8200
20160.9130

Assume that the base year is 2016.

Given this data, what is CPI in 2014?

 

Suppose that a typical market basket in Slovenia consists of `110` Avocados and `200` Bags.

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

YearPrice of AvocadosPrice of Bags
20141.2130
20151150
20161.580

Assume that the base year is 2014.

Given this data, what is CPI in 2015?

 

Suppose that a typical market basket in the US consists of `100` Avocados and `210` Bags.

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

YearPrice of AvocadosPrice of Bags
20141.8110
20150.9180
20161.6100

Assume that the base year is 2015.

Given this data, what is CPI in 2016?

 

Suppose that a typical market basket in Japan consists of `100` Apples and `300` Jackets.

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

YearPrice of ApplesPrice of Jackets
20140.9180
20151140
20160.9160

Assume that the base year is 2015.

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

 

Assume that the base year is 2015.

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