The table shows the quantities in the CPI basket and the prices in 2018, 2019, and 2020. The reference base year is 2018
Calculate the cost of the CPI basket in 2019 prices and the cost of the CPI basket in 2020 prices.
Calculate the CPI in 2019 and in 2020.
Calculate the inflation rate in 2020.
GREEN
and the cost of the CPI basket in 2020 prices is $
The cost of the CPI basket in 2019 prices is $
>>> Answer to 2 decimal places.
The CPI in 2019 is and the CPI in 2020 is
>>> Answer to 1 decimal place.
The inflation rate in 2020 is
percent.
>>> Answer to 1 decimal place.
>>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account