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Suppose that a typical market based in Norway consists of 160 Avocados and 280 Textbooks.
The table below shows data on prices for Avocados and Textbooks in Norway for three years.
| Year | Price of Avocados | Price of Textbooks |
|---|---|---|
| 2014 | 1 | 130 |
| 2015 | 0.8 | 90 |
| 2016 | 1.1 | 90 |
Assume that the base year is 2016.
Given this data, what is the price of the basket in 2014?
Suppose that a typical market basket in Canada consists of 190 Pineapples and 290 Textbooks.
The table below show data on prices for Pineapples and Textbooks in Canada for three years.
| Year | Price of Pineapples | Price of Textbooks |
|---|---|---|
| 2014 | 1.4 | 100 |
| 2015 | 0.9 | 150 |
| 2016 | 1.3 | 140 |
Assume that the base year is 2016.
Given this data, what is the price of the basket in 2015?
Suppose that a typical market basket in Japan consists of 200 Oranges and 200 Bags.
The table below shows data on prices for Oranges and Bags in Japan for three years.
| Year | Price of Oranges | Price of Bags |
|---|---|---|
| 2014 | 1.3 | 200 |
| 2015 | 1.2 | 110 |
| 2016 | 1 | 90 |
Assume that the base year is 2015.
Given this data, what is the price of the basket in 2016?
Suppose that a typical market based in China consists of 180 Apples and 230 Jackets.
The table below show data on prices for Apples and Jackets in China for three years.
| Year | Price of Apples | Price of Jackets |
|---|---|---|
| 2014 | 1.3 | 180 |
| 2015 | 1 | 210 |
| 2016 | 1 | 210 |
Assume that the base year is 2016.
Given this data, what is CPI in 2014?
Suppose that a typical market basket in Canada consists of 110 Apples and 240 Bags.
The table below shows data on prices for Apples and Bags in Canada for three years.
| Year | Price of Apples | Price of Bags |
|---|---|---|
| 2014 | 1.2 | 170 |
| 2015 | 1.1 | 100 |
| 2016 | 0.9 | 130 |
Assume that the base year is 2016.
Given this data, what is CPI in 2015?
Suppose that a typical market basket in Japan consists of 110 Apples and 250 Textbooks.
The table below shows data on prices for Apples and Textbooks in Japan for three years.
| Year | Price of Apples | Price of Textbooks |
|---|---|---|
| 2014 | 1.8 | 170 |
| 2015 | 0.9 | 190 |
| 2016 | 1.4 | 150 |
Assume that the base year is 2014.
Given this data, what is CPI in 2016?
Suppose that a typical market basket in Slovenia consists of 130 Apples and 270 Jackets.
The table below show data on prices for Apples and Jackets in Slovenia for three years.
| Year | Price of Apples | Price of Jackets |
|---|---|---|
| 2014 | 1.4 | 200 |
| 2015 | 1.1 | 130 |
| 2016 | 0.8 | 190 |
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 2014.
Given this data, what is the inflation rate between 2015 and 2016?
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