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Suppose that a typical market based in Slovenia consists of `140` Avocados and `240` Bags.

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

YearPrice of AvocadosPrice of Bags
20141.8160
20150.9180
20160.9110

Assume that the base year is 2015.

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

 

Suppose that a typical market basket in Japan consists of `140` Apples and `270` Textbooks.

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

YearPrice of ApplesPrice of Textbooks
20141.2160
20151.280
20161.480

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 Norway consists of `110` Apples and `220` Bags.

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

YearPrice of ApplesPrice of Bags
20141190
20151160
20161.1140

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 Norway consists of `190` Pineapples and `270` Textbooks.

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

YearPrice of PineapplesPrice of Textbooks
20141.1160
20151.2120
20161.3100

Assume that the base year is 2014.

Given this data, what is CPI in 2014?

 

Suppose that a typical market basket in China consists of `100` Apples and `300` Textbooks.

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

YearPrice of ApplesPrice of Textbooks
20140.6180
20151.2210
20161150

Assume that the base year is 2016.

Given this data, what is CPI in 2015?

 

Suppose that a typical market basket in Mexico consists of `160` Oranges and `240` Textbooks.

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

YearPrice of OrangesPrice of Textbooks
20141.3180
20150.9210
20161150

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 `100` Apples and `200` Textbooks.

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

YearPrice of ApplesPrice of Textbooks
20142170
20151.2130
20161.1110

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?