Answer the following questions about the CPPI (Couch Potato Price Index) 2014 2015 Good Q
Answer the following questions about the CPPI (Couch Potato Price Index)
2014 2015
Good Q P Q P
Beer 4 $5.00 3 $6.00
Chips 8 $2.00 8 $2.50
Cable TV 1 $36.00 2 $32.00
Soda Pop 2 $2.00 1 $2.25
Pizza 5 $11.00 3 $16.00
a) Calculate the inflation rate based on this index, using 2014 as the base year Give answer as a % and round to 2 decimal places. (2 points)
d) Explain why, based on the figures above, why the inflation figure you calculated in (a) may overstate the impact of higher prices on the consumer. (Not just a generic answer here, be specific from this data) (1 point)
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
The post Answer the following questions about the CPPI (Couch Potato Price Index) 2014 2015 Good Q appeared first on Superb Professors.
For any questions, feedback, or comments, we have an ethical customer support team that is always waiting on the line for your inquiries.