Activity 1 ESTIMATING INFLATION
PART 1: PRICE PROJECTIONS
Last year you purchased a pair of jeans for $75.00 at your favorite store. This year that same pair of jeans is priced at $89.00.
1. What is the inflation rate for these jeans?
This year's price - Last year's price Price increase + Last year's price = Inflation rate
$
89.00
75.00
18.67
$
$
18.67
%
2. If that inflation rate remains consistent, how much will the jeans cost in the future? Use a calculator to fill in the chart.
JEANS PRICE SERIES - CONSISTENT INFLATION RATE
Last year
Fuhre year 1 Future year 2 Future year 3 Future year 4
$75.00
$89.00 $ 105.62
$
$ 0.64.00
This year
3. Which years reflect actual prices?
Hypothetical prices?
4. Inflation rates are rarely consistent from year to year. Estimate the prices if the inflation rate is 5% higher in future year 2
than it was this year, then another 3.5% higher in future year 3, and then falls by 2% in future year 4.
JEANS PRICE SERIES - CHANGING INFLATION RATE
Last year This year Future year 1 Future year 2 (inflation -5%) Future year 3 inflation +3.55) Future year 4 inflation -20
$75.00 $89.00 $
$
S

uses : -

1.aneroid barometers primarily measure whether pressure is rising or falling.

2.aneroid barometers are often used for reading pressure in homes and recreational boats.  

3.other uses may include barographs in meteorology and altimeters in modern aircraft.  

4.this type of barometer can announce whether a high or low pressure system is coming or whether it is becoming more intense.  

5.there are different types of aneroid barometers, such as the altimeter, which measures altitude, or distance above sea level.  

6.another example is a barograph, which is a modified aneroid barometer that provides constant readings of atmospheric pressure on graph paper.  

7.when used in this capacity, the aneroid barometer can store a week's worth of data.

android diameter a device for measuring atmospheric pressure , often specially calibrated for use as an altimeter ,consisting of a box or chamber partially exhaused of air, having an elastic top and a pointer to indicate the degree of compression of the top caused by the external air

refer to the attachment for the characteristics : -

answer; analytical,creative and practical;

answer; ratification;