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Suppose that a typical market based in the US consists of `170` Oranges and `270` Textbooks.

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

YearPrice of OrangesPrice of Textbooks
20141.2130
20151.1160
20161.5210

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 Slovenia consists of `110` Oranges and `230` Jackets.

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

YearPrice of OrangesPrice of Jackets
20141.2180
20151.2140
20161.690

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 the US consists of `120` Apples and `290` Bags.

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

YearPrice of ApplesPrice of Bags
20141150
20151170
20160.8130

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 Mexico consists of `200` Avocados and `210` Textbooks.

The table below show data on prices for Avocados and Textbooks in Mexico for three years.

YearPrice of AvocadosPrice of Textbooks
20141160
20151.1150
20161.490

Assume that the base year is 2016.

Given this data, what is CPI in 2014?

 

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

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

YearPrice of ApplesPrice of Textbooks
20140.6200
20151100
20161.5130

Assume that the base year is 2016.

Given this data, what is CPI in 2015?

 

Suppose that a typical market basket in Slovenia consists of `130` Pineapples and `290` Jackets.

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

YearPrice of PineapplesPrice of Jackets
20141.9140
20151.1100
20160.8220

Assume that the base year is 2015.

Given this data, what is CPI in 2016?

 

Suppose that a typical market basket in Canada consists of `120` Pineapples and `200` Jackets.

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

YearPrice of PineapplesPrice of Jackets
20140.6110
20150.880
20161.1150

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 2016.

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