Answer to Question #26532 in Macroeconomics for Jessica
suppose that the total expenditures for a typical household in 2000 equaled 5500 per month, while the cost of purchasing the exact same items in 2005 was 6875. if 2000 is the base year, the CPI for the year 2005 equals?what is the answer?
The consumer price index is a ratio of the total basket of the base year, which is estimated in the prices of the current year, the consumer basket in the base year, which is measured in base year prices.in this example is the basic 2000 and 2005 - current.
CPI = (cost of purchasing in 2005/cost of purchasing in2000) * 100%
Im very glad to use your service,last semester i used to stress over assignments even tho i knew how to do them but it used to put me in extra stress and specially having 5 courses with it made things hard,ever since i started using your service,it has removed alot of stress for me,im gettinf better grades now,100% in all my assignments till now,ive a humble resquest,i will keep following your website for many years,for your regular or frequent customers you should include some sort of discount other than that everything is perfect