Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Mar 2018 My Price 9.00

College student Price Index


1. Calculating inflation using a simple price index Consider a fictional price index, the College student Price Index (csPI), based on a typical college students annual purchases. Suppose the following table shows information on the market basket for the csPI and the prices of each of the goods In 2014, 2015, and 2016. The cost of each item in the basket and the total cost of the basket are shown for 2014. Perform these same calculations for 2015 and 2016, and enter the results in the following table. 2016 2015 2014 Quantity in Basket (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) 15 Notebooks 100 Calculators Large coffees 250 100 Energy drinks 180 150 120 100 Textbooks 1,900 Total cost 100 Price index Suppose the base year for this price index is 2014. In the last row of the table, calculate and enter the value of the CSPT for the remaining years. Between 2015 and 2016, the CSPI increased by Between 2014 and 2015, the CSPI increased by Which of the following, if true, would illustrate why price indexes such as the csPI might overstate innation in the cost of going to college? Check all that apply.

1. Calculating inflation using a simple price index Consider a fictional price index, the College student Price Index (csPI), based on a typical college student's annual purchases. Suppose the following table shows information on the market basket for the csPI and the prices of each of the goods In 2014, 2015, and 2016. The cost of each item in the basket and the total cost of the basket are shown for 2014. Perform these same calculations for 2015 and 2016, and enter the results in the following table. 2016 2015 2014 Quantity in Basket (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) 15 Notebooks 100 Calculators Large coffees 250 100 Energy drinks 180 150 120 100 Textbooks 1,900 Total cost 100 Price index Suppose the base year for this price index is 2014. In the last row of the table, calculate and enter the value of the CSPT for the remaining years. Between 2015 and 2016, the CSPI increased by Between 2014 and 2015, the CSPI increased by Which of the following, if true, would illustrate why price indexes such as the csPI might overstate innation in the cost of going to college? Check all that apply.

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Mar 2018 05:03 AM My Price 9.00

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