Inflation and Interest Rates: Tutorial 22 of 25
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Question
Consider a simple economy where the basket of goods used to calculate the CPI contains two items shampoo and soap.
The basket consists of 1 bottle of shampoo and 2 bars of soap. The prices are shown in the table.
Year Price of a Bottle of Shampoo Price of a Bar of Soap
Year
36 50
$1.25
Year
$5.00
$1.30
Type the correct answer in the box. Round your answers to two decimal places, if necessary.
The CPI for year 2 is
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The table shows the relationship between the number of cups of cereal and the number of cups of raisins in a cereal bar recipe: number of cups of cereal number of cups of raisins 8 2 12 3 16 4 molly plotted an equivalent ratio as shown on the grid below: a graph is shown. the title of the graph is cereal bars. the horizontal axis label is cereal in cups. the x-axis values are 0, 20, 40, 60, 80,100. the vertical axis label is raisins in cups. the y-axis values are 0, 10, 20, 30, 40, 50. a point is plotted on the ordered pair 40,20. which of these explains why the point molly plotted is incorrect? (a) if the number of cups of cereal is 40, then the number of cups of raisins will be10. (b)if the number of cups of raisins is 40, then the number of cups of cereal will be10. (c) if the number of cups of cereal is 40, then the number of cups of raisins will be 80. (d) if the number of cups of raisins is 40, then the number of cups of cereal will be 80.