Business, 18.03.2020 21:35 shawna189

If the price of a soda was 15 cents in 1970, when the cpi was 50, and 50 cents in 2007, when the cpi was 172, then

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It then means that there was an increase in price of $0.35 and an increase in the Consumer Price Index of 122 of Soda after 37 years for inflationary reasons.

Explanation:

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.

Solution

CPI = New Price/ Old Price

Where:

Old Price = $0.15

New Price = $0.50

∴ = 0.50/0.15

CPI = 3.33

Then there was no significant rise on inflation since the CPI for 37 years was 3.33

Answer from: irishvball7

Increase in price $0.35 and consumer price also increase.

Soda after 37 years, consumer 122.

Explanation:

As per the question,

Soda was 15 cents in 1970, when the cpi was 50

50 cents in 2007, when the cpi was 172, then

cpi= N.price/ Old.price

= 0.50/0.15

=3.33

No major increment after 37 years.

Answer from: Quest

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Answer from: Quest

False according to edgenuity

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If the price of a soda was 15 cents in 1970, when the cpi was 50, and 50 cents in 2007, when the cpi...

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