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Suppose that a typical market based in Norway consists of `190` Apples and `300` Jackets.

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

YearPrice of ApplesPrice of Jackets
20141.2190
20150.8150
20161.2190

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 `200` Avocados and `300` Bags.

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

YearPrice of AvocadosPrice of Bags
20141140
20151.2170
20161.5110

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 `180` Pineapples and `280` Bags.

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

YearPrice of PineapplesPrice of Bags
20140.8180
20150.8160
20161210

Assume that the base year is 2016.

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

 

Suppose that a typical market based in Norway consists of `140` Oranges and `290` Textbooks.

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

YearPrice of OrangesPrice of Textbooks
20142150
20151.280
20161.1180

Assume that the base year is 2014.

Given this data, what is CPI in 2014?

 

Suppose that a typical market basket in Mexico consists of `190` Apples and `210` Jackets.

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

YearPrice of ApplesPrice of Jackets
20140.9130
20150.8110
20161110

Assume that the base year is 2016.

Given this data, what is CPI in 2015?

 

Suppose that a typical market basket in Canada consists of `150` Avocados and `260` Textbooks.

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

YearPrice of AvocadosPrice of Textbooks
20140.6120
20151110
20161.6120

Assume that the base year is 2014.

Given this data, what is CPI in 2016?

 

Suppose that a typical market basket in China consists of `200` Apples and `260` Textbooks.

The table below show data on prices for Apples and Textbooks in China for three years.

YearPrice of ApplesPrice of Textbooks
20141.1120
20150.9140
20161.2180

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?