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(a) Suppose that a typical market based in Japan consists of `160` Avocados and `270` Jackets.

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

YearPrice of AvocadosPrice of Jackets
20140.5110
20150.9120
20160.8210

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 `160` Oranges and `240` Bags.

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

YearPrice of OrangesPrice of Bags
20140.6200
20151.2100
20160.9160

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 Slovenia consists of `160` Avocados and `290` Jackets.

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

YearPrice of AvocadosPrice of Jackets
20142120
20150.8160
20161.4120

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 Mexico consists of `190` Oranges and `210` Bags.

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

YearPrice of OrangesPrice of Bags
20140.8150
20151.1110
20161.5160

Assume that the base year is 2014.

Given this data, what is CPI in 2014?

 

(e) Suppose that a typical market basket in Mexico consists of `150` Apples and `270` Bags.

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

YearPrice of ApplesPrice of Bags
20140.8140
20150.8160
20160.8150

Assume that the base year is 2015.

Given this data, what is CPI in 2015?

 

(f) Suppose that a typical market basket in the US consists of `170` Oranges and `220` Bags.

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

YearPrice of OrangesPrice of Bags
20140.8190
20151220
20160.9130

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 `140` Oranges and `290` Bags.

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

YearPrice of OrangesPrice of Bags
20141.3160
20151150
20161.4160

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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