Consider a simple economy where the basket of goods used to calculate the CPI contains two items: shirts and pants. The basket consists of 3 shirts and 2 pairs of pants. Each item increases in price by $1 in year 2. The pants price is 20$ and the shirt price is 25$. What is the CPI for year 2.

Answers

Answer 1
Final answer:

To calculate the CPI for year 2 in a simple economy involving shirts and pants, we first find the total cost of the basket in both years considering the price increase. Then, using the formula for CPI, we find that the CPI for year 2 is 122.45, indicating an increase in the average price level compared to the base year.

Explanation:

To calculate the Consumer Price Index (CPI) for year 2 in a simple economy with only shirts and pants in the basket of goods, we first need to understand the concept of CPI. The CPI represents the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Here, we're given that the price of each item increases by $1 in year 2, with the new prices being $21 for pants and $26 for shirts.

First, calculate the total cost of the basket in year 2:
Cost of 3 shirts in year 2 = 3 shirts * $26 per shirt = $78
Cost of 2 pairs of pants in year 2 = 2 pants * $21 per pants = $42
Total cost of the basket in year 2 = $78 + $42 = $120

To determine the CPI for year 2, we also need to know the base year's total cost, which isn't directly provided here.

However, assuming the base year (year 1) prices were $1 less for each item, the prices would have been $20 for shirts and $19 for pants.

Cost of the basket in year 1:

Cost of 3 shirts = 3 shirts * $20 per shirt = $60

Cost of 2 pairs of pants = 2 pants * $19 per pants = $38

Total cost of the basket in year 1 = $60 + $38 = $98

Finally, to calculate the CPI for year 2, we use the formula:

CPI for year 2 = (Total cost of the basket in year 2 / Total cost of the basket in year 1) * 100
= ($120 / $98) * 100 = 122.45

Therefore, the CPI for year 2 is 122.45, indicating prices have increased on average when comparing year 2 to the base year (year 1). This helps in understanding the inflation rate and cost of living increases for consumers.


Related Questions

Solve each equation by using the zero product property
(B-4)(3b-1)=0

Answers

Answer:

Step-by-step explanation:

(b - 4)(3b - 1) is the factored form of some second degree polynomial.  Once you factor to this point, you can solve for the values of b using the Zero Product Property, which says that one of the those factors has to equal 0 for the product to equal 0 (cuz any number times 0 is equal to 0).  The first expression is b - 4.  If we set b - 4 equal to 0, we can solve for b:

b - 4 = 0 so

b = 4

Likewise with the second factor, 3b - 1.  Set it equal to 0 and solve for b:

3b - 1 = 0 and

3b = 1 so

b = 1/3

Final answer:

To solve the equation (B-4)(3b-1)=0 using the zero product property, set each factor equal to zero and solve for the variable. The solutions are B = 4 and b = 1/3.

Explanation:

To solve the equation (B-4)(3b-1)=0 using the zero product property, we set each factor equal to zero and solve for the variable:

First factor: B-4 = 0

Second factor: 3b-1 = 0

Solving each equation separately:

B-4 = 0
Adding 4 to both sides: B = 43b-1 = 0
Adding 1 to both sides: 3b = 1Dividing both sides by 3: b = 1/3

So the solutions to the equation (B-4)(3b-1)=0 are B = 4 and b = 1/3.

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78 thousands = 7,800 ones. True or false

Answers

Answer:

FALSE

Step-by-step explanation:

78 thousands = 78 x 1000 = 78,000

Answer:false

Step-by-step explanation:

78,000 is 78 thousands

7,800 is only 7 thousand and 8 hundred

I need some help on that, please and thank you.​

Answers

Answer:

1 and 12

Step-by-step explanation:

each # is mult by 2

Here’s another one if you want to answer it

Answers

Answer:

D. [tex]\frac{-9}{2} \leqx <\frac{27}{2}[/tex]

Explanation:

Before proceeding, please remember the following:

1. When you do a certain operation on one side of the inequality, you have to do the same operation on ALL other sides to keep the original value of the inequality unchanged

2. To solve an inequality means that we want to isolate the variable.

Now, for the given inequality, we have:

[tex]-3 \leq\frac{2x-3}{4} <6[/tex]

Based on the above, for the middle part of the inequality, we want to have the x variable standing alone.

This can be done as follows:

1. Multiply all sides by 4

This would give us: [tex]-12 \leq 2x-3 < 24[/tex]

2- Add 3 to all sides

This would give us: [tex]-9 \leq2x < 27[/tex]

3- Finally, divide all sides by 2 to have the x on its own

This would give us: [tex]\frac{-9}{2} \leq x < \frac{27}{2}[/tex]

Hope this helps :)

∠ 1 and ∠ 2 are

-adjacent angles
-supplementary angles
-right angles
-vertical angles

Answers

Answer:

adjacent angles

complementary angles

Step-by-step explanation:

we know that

If two angles are complementary, then their sum is equal to 90 degrees

we have that

[tex]m\angle 1+m\angle 2=90^o[/tex] ---> given problem

therefore

∠ 1 and ∠ 2 are complementary angles

Remember that

Two angles are Adjacent when they have a common side and a common vertex

In this problem

∠ 1 and ∠ 2 have a common side and a common vertex

so

∠ 1 and ∠ 2 are adjacent angles

Martina's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Martina $5.75 per pound, and type B coffee costs $4.10 per
pound. This month, Martina made 140 pounds of the blend, for a total cost of $677.95. How many pounds of type B coffee did she use?
Tumber of pounds of type B coffee:
X
5
?

Answers

Answer:

Step-by-step explanation:

a + b = 140.......a = 140 - b

5.75a + 4.10b = 677.95

sub in 140 - b in for a in the other equation....and solve for b, the number of lbs of type B coffee

5.75(140 - b) + 4.10b = 677.95

805 - 5.75b + 4.10b = 677.95

-5.75b + 4.10b = 677.95 - 805

- 1.65b = - 127.05

b = -127.05 / -1.65

b = 77 <======= lbs of type B coffee used

a + b = 140

a + 77 = 140

a = 140 - 77

a = 63.........lbs of type A coffee used

check..

5.75a + 4.10b = 677.95

5.75(63) + 4.10(77) = 677.95

362.25 + 315.70 = 677.95

677.95 = 677.95 (correct)

I found both just so I could check my answer....and it checked out....

The number of pounds of coffee Type A and Type B will be 63 and 77, respectively.

What is the solution to the equation?

The allocation of weights to the important variables that produce the calculation's optimum is referred to as a direct consequence.

Martina's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Martina $5.75 per pound, and type B coffee costs $4.10 per pound. This month, Martina made 140 pounds of the blend, for a total cost of $677.95.

Let 'x' and 'y' be the number of pounds of coffee Type A and Type B. Then the equations are given as,

x + y = 140                               ....1

5.75x + 4.10y = 677.95          ....2

From equations 1 and 2, then we have

5.75x + 4.10(140 - x) = 677.95

5.75x + 574 - 4.10x = 677.95

1.65x = 103.95

x = 63

Then the value of 'y' is given as,

63 + y = 140

y = 77

The number of pounds of coffee Type A and Type B will be 63 and 77, respectively.

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14. Find the equation of the line parallel to x - y = -5 and passes through the point (-3,1)

Answers

Answer:

y=x+4

Step-by-step explanation:

x-y=-5

y=x-(-5)

y=x+5

-----------

y-y1=m(x-x1)

y-1=1(x-(-3))

y-1=x+3

y=x+3+1

y=x+4

plz hurry!!!! thank you!!!!

Answers

Answer:

Area of trapezium = 4.4132 R²

Step-by-step explanation:

Given, MNPK is a trapezoid

MN = PK and ∠NMK = 65°

OT = R.

⇒ ∠PKM = 65° and also ∠MNP = ∠KPN = x (say).

Now, sum of interior angles in a quadrilateral of 4 sides = 360°.

⇒ x + x + 65° + 65° = 360°

⇒ x = 115°.

Here, NS is a tangent to the circle and ∠NSO = 90°

consider triangle NOS;

line joining O and N bisects the angle ∠MNP

⇒ ∠ONS = [tex]\frac{115}{2}[/tex] = 57.5°

Now, tan(57.5°) = [tex]\frac{OS}{SN}[/tex]

⇒ 1.5697 = [tex]\frac{R}{SN}[/tex]

SN = 0.637 R

⇒ NP = 2×SN = 2× 0.637 R = 1.274 R

Now, draw a line parallel to ST from N to line MK

let the intersection point be Q.

⇒ NQ = 2R

Consider triangle NQM,

tan(∠NMQ) = [tex]\frac{NQ}{QM}[/tex]

⇒ tan65° = [tex]\frac{NQ}{QM}[/tex]

⇒ QM = [tex]\frac{2R}{2.1445}[/tex]

QM = 0.9326 R .

⇒ MT = MQ + QT

          = 0.9326 R + 0.637 R  (as QT = SN)

MT = 1.5696 R

⇒ MK = 2×MT = 2×1.5696 R = 3.1392 R

Now, area of trapezium is (sum of parallel sides/ 2)×(distance between them).

⇒ A = ([tex]\frac{NP + MK}{2}[/tex]) × (ST)

       = ([tex]\frac{1.274 R + 3.1392 R}{2}[/tex]) × 2 R

       = 4.4132 R²

Area of trapezium = 4.4132 R²

write an equivalent expression for 15m-3

Answers

Answer: 3( 5m - 1 )

Step-by-step explanation:

The expression given is ; 15m - 3

This could be factorized , the common factor is 3 , so we have

3( 5m - 1 )

PLZ HELPPP PLZZZZ

Dev has 9 shells. Zoe has 55 shells, Zoe gives some shells to Dev. Now zoe has 3 times as many shells as dev. How many shells does Zoe give to Dev.

Answers

Zoe gives Dev 7 shells

If you subtract 55-7 you get 48 and if you add 9+7 you get 16 and when you multiply 16(3) you get 48 so there’s the answer

21. Which slope-intercept form equation passes through the points (3,0) and (7,-8)?​

Answers

Answer:

y=-2x+6

Step-by-step explanation:

m=(y2-y1)/(x2-x1)

m=(-8-0)/(7-3)

m=-8/4

m=-2

y-0=-2(x-3)

y=-2(x-3)+0

y=-2(x-3)

y=-2x+6

Slope is 1/2 and (4,6) is on the line

Answers

Answer:

y-6=1/2(x-4)

Step-by-step explanation:

y-y1=m(x-x1)

y-6=1/2(x-4)

Answer: y=1/2x+4

To solve this, we will use point-slope form.
Let’s write out the equation for
this: y-y1=m(x-x1)

The y1 and x1 are for the point, and the m is for the slope. Let’s substitute this into the equation and solve

y-6=1/2(x-4)

*distribute*

y-6=1/2x-2

*add 6 on both sides*

y=1/2x+4

Hope this helps comment below for more questions :)

What is a numerical expression?

Answers

Answer:

The term 'numerical' means 'involving numbers' and the term 'expression' means 'phrase'. A numerical expression is a mathematical phrase involving only numbers and one or more operational symbols.

Answer:

The term 'numerical' means 'involving numbers' and the term 'expression' means 'phrase'.  In other words, it is just a phrase/ equation with numbers not letters.

Example 2+4=6

NOT 3a+4a=7a

Happy Holidays!

Solve the equation -15=a/5

Answers

-Answer: -3

Step-by-step explanation:

Answer:

a=-75

Step-by-step explanation:

-15=a/5

a=5*-15

a=-75

An fills 1/2 of a magazine page. A corresponding photo takes up 3/8 of the article. How much of the page is taken up by the photo

Answers

The answer to your question is 3/8

Final answer:

The photo takes up 3/16 of the magazine page.

Explanation:

To find out how much of the page is taken up by the photo, we need to calculate the proportion of the page that the photo occupies. Given that the article fills 1/2 of the page and the photo takes up 3/8 of the article, we can find the fraction of the page the photo takes by multiplying these two fractions together:

Proportion of page taken by photo = (1/2) × (3/8) = 3/16

So, the photo takes up 3/16 of the magazine page.

You want to determine the number of students in your school who have visited a science museum. You survey 50 student at random. 20 have visited a science museum, and 30 have not. So, you conclude that 40% of the students in your school have visited a science museum. Is your conclusion valid? Explain.

Answers

no it is not valid because you only asked 50 students not every student so it could not be 40%.

The conclusion that 40% of the students have visited a science museum based on a sample of 50 may not be accurate because the Sample Size may be too small and unrepresentative of the school population. Other factors like Response Rate and random sampling are essential for validity, and a Hypothesis Test could provide more solid evidence.

The conclusion that 40% of the students in the school have visited a science museum based on a survey of 50 students is not fully valid without considering additional factors. When conducting a survey, the concept of Sample Size is crucial. A sample size of 30 is the minimum required to start establishing statistical confidence, but larger samples are generally better to reduce sampling error. In this case, sampling only 50 students might not be representative of the entire student body, depending on the school's population. Moreover, the Response Rate and the randomness of the sample are essential in determining the validity of survey results. The survey must have a relatively high response rate and the sample must be chosen randomly from the entire population to avoid bias. This helps in better reflecting the overall characteristics of the population.

Conducting a Hypothesis Test would also help validate the findings. This statistical tool helps determine whether the observed proportion significantly deviates from the expected proportion (if known) or not. Furthermore, one important aspect is to avoid making statistics imply something they do not, which is common in cases where the sample size is small or the sample is unrepresentative. Lastly, discrepancies in survey results, like those seen in vaccination rates from two different researchers, can occur even when the right procedures are followed due to inherent variability in sampling.

Do Roth IRAs have mandatory withdrawals

Answers

Answer:

You generally have to start taking withdrawals from your IRA, SEP IRA, SIMPLE IRA, or retirement plan account when you reach age 70½. Roth IRAs do not require withdrawals until after the death of the owner. You can withdraw more than the minimum required amount.

Step-by-step explanation:

Roth IRAs do not have mandatory withdrawals, making them more flexible for retirees.

No, Roth IRAs do not have mandatory withdrawals during the lifetime of the original account holder. Traditional IRAs, on the other hand, have required minimum distributions (RMDs) starting at age 72, which means the account holder must start withdrawing a certain amount each year.

However, Roth IRAs do not have RMDs for the original account holder. This flexibility allows account holders to continue growing their investments tax-free for as long as they wish, making Roth IRAs advantageous for retirement planning and estate planning.

Therefore, No, Roth IRAs do not have mandatory withdrawals.

A shirt was on sale for $15.00. If I had applied a coupon for 20% off, what was the original price?

Answers

The original price would be $18.75 take 18.75 -20%=$15.00
Answer: $18

Let’s multiply 15 by 20%
(20%=.20)

15•.20=3

Now let’s add $3 to $15

15+3=18

This is your answer! Hope this helps comment below for more questions :)

combine the like terms to create an equivalent expression 2a+6+1​

Answers

The answer is 2a+7 because you combine 6 and 1 because they are like terms. The 2a stays the same and that’s why the answer is 2a+7

Answer:

2a+7

Step-by-step explanation:

Which statement is true

Answers

Answer: C

Step-by-step explanation:

Im going to put this answer in simple terms because I don't want to confuse you too much with a big explanation on a question that doesn't need one.

Anyway, the answer to the equation is C, stating that |A| > 0. If you were wondering, the two lines on either side of the a are absolute value bars. To put it in simple terms, when you put a negative number in between absolute bars, the number because positive. However, when you put a positive number in between, the number stays the same. SO...

The value of A on the number is 4. SO...

Substitute: |-4| > 0

Solve: 4 > 0

Because it is true that 4 is greater that 0, the answer is C.

Hope this helps!

Pedro invests £800 in a bank account that pays 3% simple interest per year. How much money will he have in his account after 3 years?

Answers

874.18

Step-by-step explanation:if you multiply 800 by1.03 it will increase by 3% then repeat step two more times

15% of people on the beach do not wear sun screen. If 30 people don't wear sunscreen, what is the total number of people at the beach?

Answers

Answer: The information you are given shows that 15% = 30. Multiply 30 by 6 and 2/3 (The number of times 15 goes into 100) and you have your answer. There are 200 people on the beach.

Final answer:

To find the total number of people at the beach when 15% do not wear sunscreen and 30 people represent that 15%, we divide 30 by 0.15 to get 200, meaning there are 200 people on the beach.

Explanation:

The student asked: "If 15% of people on the beach do not wear sunscreen, and 30 people don't wear sunscreen, what is the total number of people at the beach?" To find the total number of people at the beach, we need to calculate it based on the percentage of people who do not wear sunscreen.

First, understand that 15% represents the people who do not wear sunscreen.We know that 30 people represent this 15%.To find the full 100%, we need to divide the number of people who don't wear sunscreen by the percentage they represent in decimal form. So we divide 30 by 0.15.The calculation is 30 ÷ 0.15 = 200.

Therefore, the total number of people at the beach is 200.

What is the answer to
Three increased by d
Answer

Answers

Answer:

The answer is larger than 3 unless d = 0

Step-by-step explanation:

Well, it says increased, which means add/multiply

However, we don't know what d equals, so it is impossible to find the answer.

The coordinates of a triangle are P(1, 4), Q(3, 6), and R(5, 2). The triangle is reflected over a line and its image coordinates are P'(–1, 4), Q'(–3, 6), and R'(–5, Find the equation of the reflection line.
1. x = –1
2. y = –1
3. y = 0
4. x = 0

Answers

Answer:

Option 4. x = 0

Step-by-step explanation:

we know that

The rule of the reflection of a point across the y-axis is equal to

(x,y) -----> (-x,y)

The rule for reflecting over the Y axis is to negate the value of the x-coordinate of each point, but leave the y-value the same

The coordinates of triangle PQR are

P(1, 4), Q(3, 6), and R(5, 2)

Applying the rule of the reflection across the y-axis we have

P(1, 4) -----> P'(-1, 4)

Q(3, 6) ----> Q'(-3, 6)

R(5, 2)----> R'(-5, 2)

The reflection line is the y-axis

Remember that the equation of the y-axis is x=0

therefore

The equation of the reflection line is x=0

Answer: The correct answer is (x = 0)

Step-by-step explanation: Took the assignment.

How many times can 4 go into 75

Answers

Answer:

solve using long division.

75/4

what is the largest whole number smaller than 75 that 4 can go into?

72.

how many times can 4 go into 72?

18.

so then subtract 72 from 75 to get 3.

the new equation is

3/4

how many times can 3 go into 4?

0.75 times.

so add the 2 answers to get

18.75

4 can go into 75 18.75 times.

To determine how many times 4 can go into 75, you divide 75 by 4. The result is 18 with a remainder of 3. Thus, 4 can go into 75 a total of 18 full times.

To find out how many times 4 can go into 75, we need to perform a division. Specifically, we need to divide 75 by 4.

Divide: 75 ÷ 4 = 18 with a remainder.Multiply: 4 × 18 = 72.Subtract: 75 - 72 = 3.

This means that 4 goes into 75 exactly 18 times with a remainder of 3. So, 4 fully fits into 75 for 18 full times.

There were 65 questions on the topic of geography on the practice test. What was the total number of questions on the practice test?

Answers

The total number of questions on the practice test is at least 66.

Since the number of geography questions is 65, and geography was one of the topics on the practice test, the total number of questions on the practice test must be greater than 65.

One option is that there were 66 questions on the practice test, with the remaining question being on a different topic.

Another option is that there were more than 66 questions on the practice test, with geography being one of multiple topics.

Therefore, the total number of questions on the practice test is at least 66.

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A number n is multiplied by -5/8. The product is -0.4. What is the value of n?

Answers

Answer:

n=0.64

Step-by-step explanation:

-5/8n=-0.4

n=-0.4/(-5/8)

n=-0.4(-8/5)

n=3.2/5

n=0.64

Tim and Tom are trying to earn money to buy a new game system over a 3-month period. Tim saved $45.19 each month. If they need a total of $211.29 to buy the game system, how much does Tom need to earn each of the 3 months in order to buy the game system?

Answers

Answer:

$25.24

Step-by-step explanation:

If Tim earns $45.19 each month multiply by 3 which gives you $135.57 take $211.29 subtract $135.57, you get $75.72 which is the total amount that Tom needs to give. Divide that by 3 and get $25.64 which is the amount Tom needs in 3 months.

$45.19 x 3 = $135.57

$211.29 - $135.57 = $75.72

$75.72/3 = $25.24

(Score for Question 2: ___ of 5 points)
2. Write in complete sentences how to tell the difference between a proportional relationship and a
nonproportional relationship.

Answers

Explanation:

All proportional relationships have a common ratio. In a set of data, if the ratio between terms are not the same, the relationship is non-proportional. The common ratio is found by dividing a term value by the previous term value. On a graph, proportional relationships form a straight line and non-proportional relationships do not.

Two similar octagons have areas of 4 ft2 and 16 ft2.
Find their similarity ratio.

Answers

Final answer:

The similarity ratio of the two octagons, given their areas, is 2:1. This is determined by taking the square root of the ratio of their areas.

Explanation:

The question is about finding the similarity ratio of two similar octagons with given areas. The area of a shape increases by the square of the scale factor (similarity ratio). Hence, in this case, where the larger octagon has four times the area of the smaller, the scale factor (similarity ratio) is the square root of 4, which is 2. So, the similarity ratio of the two octagons is 2:1.

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Which of the following statements about gene regulation concerning operons is INCORRECT? A) A negative repressible gene is controlled by a regulatory protein that inhibits transcription. B) For a gene under negative repressible control, a small molecule is required to prevent the gene's repressor from binding to DNA. C) For a gene under positive repressible control, the normal state is transcription of a gene, stimulated by a transcriptional activator. D) A regulator gene has its own promoter and is transcribed into an independent mRNA. E) Presence of operons where genes of related functions are clustered is common in bacteria but not in eukaryotes. Bowlby hypothesized that when a caregiver is warm and responsive to an infant's needs, an emotional bond is formed, known as . The sum of the digits of a two-digit number is 5. When the digits are reversed, the number increases by 27. Find the original number. The original number is Alternative explanations of wage disparities Suppose that a labor economist finds that one of her research subjects has earned significantly higher wages throughout his lifetime than would be predicted by standard measured variables. The economist also notes that each of the subject's positions was found through connections at his family's exclusive country club. Which one of the following most likely explains this person's unusually high earnings?A. EffortB. Efficiency wagesC. ChanceD. Compensating differentials Kara wants to open a retailing outlet in her town. Her family has been in the business of selling hardware items before. She wants to take this business forward by opening a store that caters to the hardware supplies industry. What kind of retail outlet will Kara most likely open? A. discount retailer B. supermarket C. department store D. specialty retailer E. convenience store A line goes through the point (-3,2) and has a slope of 1. Write the equation of this line in standard form . 22. What is the percent of increase for a populationthat changed from 438,000 to 561,000? Which of the following statements are true? A. Earth's gravity has no effect on astronauts inside the International Space Station. B. An astronaut's mass is greater on Earth than on the Moon. C. An astronaut's weight is the same on the Moon as on Earth. D. An astronaut's mass is the same on the International Space Station as it is on Earth. E. None of these statements are true. Robinson Crusoe, written by Daniel Defoe in 1719, describes the lonely life of a man ship wrecked on an island. This book correctly addresses which element of human psychology related to relationships? Steam Workshop Downloader