The price of the basket in the current year is 92 what is


1. If the price of the basket in the base year is $64 and the price of the basket in the current year is $92, what is the CPI?

2. If the price of the basket in the base year is $400 and the price of the basket in the current year is $382, what is the CPI?

3. If the CPI in Year "x" is 125, and the CPI in Year "x-1" is 105, what is the inflation rate for Year "x"?

4. If the CPI in Year "x" is 515, and the CPI in Year "x-1" is 500, what is the inflation rate for Year "x"?

5. If Nominal GDP is 9,874,356, and the GDP Deflator is .92, what is Real GDP?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: The price of the basket in the current year is 92 what is
Reference No:- TGS0987375

Expected delivery within 24 Hours