Assume you plan to travel to the southern hemisphere after final exams. you’ve narrowed your choices down to two that you like equally: colombia or australia. the total cost of your trip to australia will be 5,000 australian dollars. the total cost of your trip to colombia will be 5,000,000 colombian pesos. based on the november 1, 2019 exchange rates, which trip is priced less in terms of u. s. dollars? show your work.

In canada, the reference base period for the cpi is 2002. by 2012, prices had risen by 21.6 percent since the base period. the inflation rate in canada in 2013 was 1.1 percent. calculate the cpi in canada in 2013. hint: use the information that “prices had risen by 21.6 percent since the base period” to find the cpi in 2012. use the inflation rate formula (inflation is the growth rate of the cpi) to find cpi in 2013, knowing the cpi in 2012 and the inflation rate. the cpi in canada in 2013 is round up your answer to the first decimal. 122.9 130.7 119.6 110.5