SlideShare a Scribd company logo
Consider the simple economy that produces only three products. Use the information in the
following table to calculate the (annual rate of) inflation for 2020 as measured by the consumer
price index (CPI). Using the information in the table, the CPI for 2019, with 2010 as the base year,
is (Enter your response rounded to one decimal place.) The inflation rate for 2020 as measured by
the consumer price index (CPI) is %. (Enter your response rounded to two decimal places.)

More Related Content

More from adharvamobiles

Consider these claims concerning the Affordable Care Act a.pdf
Consider these claims concerning the Affordable Care Act a.pdfConsider these claims concerning the Affordable Care Act a.pdf
Consider these claims concerning the Affordable Care Act a.pdf
adharvamobiles
 
Consider two countries Albania relatively abundant in low.pdf
Consider two countries Albania relatively abundant in low.pdfConsider two countries Albania relatively abundant in low.pdf
Consider two countries Albania relatively abundant in low.pdf
adharvamobiles
 
Consider the UK and Romania producing and trading capitali.pdf
Consider the UK and Romania producing and trading capitali.pdfConsider the UK and Romania producing and trading capitali.pdf
Consider the UK and Romania producing and trading capitali.pdf
adharvamobiles
 
Consider the Turing machine above The alphabet consists of .pdf
Consider the Turing machine above The alphabet consists of .pdfConsider the Turing machine above The alphabet consists of .pdf
Consider the Turing machine above The alphabet consists of .pdf
adharvamobiles
 
Consider the Table below which shows data for Firm D The fi.pdf
Consider the Table below which shows data for Firm D The fi.pdfConsider the Table below which shows data for Firm D The fi.pdf
Consider the Table below which shows data for Firm D The fi.pdf
adharvamobiles
 
Consider the same two families from question 1 but this ti.pdf
Consider the same two families from question 1  but this ti.pdfConsider the same two families from question 1  but this ti.pdf
Consider the same two families from question 1 but this ti.pdf
adharvamobiles
 
Consider the same scenario as above A recent poll conducted.pdf
Consider the same scenario as above A recent poll conducted.pdfConsider the same scenario as above A recent poll conducted.pdf
Consider the same scenario as above A recent poll conducted.pdf
adharvamobiles
 
Consider the relation PLAYER with relational schema PLAYER .pdf
Consider the relation PLAYER with relational schema PLAYER .pdfConsider the relation PLAYER with relational schema PLAYER .pdf
Consider the relation PLAYER with relational schema PLAYER .pdf
adharvamobiles
 
Consider the graph below and answer the questions that follo.pdf
Consider the graph below and answer the questions that follo.pdfConsider the graph below and answer the questions that follo.pdf
Consider the graph below and answer the questions that follo.pdf
adharvamobiles
 
Consider the process of Darwinian evolution in which organis.pdf
Consider the process of Darwinian evolution in which organis.pdfConsider the process of Darwinian evolution in which organis.pdf
Consider the process of Darwinian evolution in which organis.pdf
adharvamobiles
 
Consider the following time series data a Construct a tim.pdf
Consider the following time series data a Construct a tim.pdfConsider the following time series data a Construct a tim.pdf
Consider the following time series data a Construct a tim.pdf
adharvamobiles
 
Consider the MundellFleming Model under Flexible Exchange R.pdf
Consider the MundellFleming Model under Flexible Exchange R.pdfConsider the MundellFleming Model under Flexible Exchange R.pdf
Consider the MundellFleming Model under Flexible Exchange R.pdf
adharvamobiles
 
Consider the given scenario and list the recommended control.pdf
Consider the given scenario and list the recommended control.pdfConsider the given scenario and list the recommended control.pdf
Consider the given scenario and list the recommended control.pdf
adharvamobiles
 
Consider the given figureThree devices want to transmit the.pdf
Consider the given figureThree devices want to transmit the.pdfConsider the given figureThree devices want to transmit the.pdf
Consider the given figureThree devices want to transmit the.pdf
adharvamobiles
 
Consider the graph below and choose the correct answer from .pdf
Consider the graph below and choose the correct answer from .pdfConsider the graph below and choose the correct answer from .pdf
Consider the graph below and choose the correct answer from .pdf
adharvamobiles
 
Consider the market for air conditioning units The followin.pdf
Consider the market for air conditioning units The followin.pdfConsider the market for air conditioning units The followin.pdf
Consider the market for air conditioning units The followin.pdf
adharvamobiles
 
Consider the function f defined below static void fLinke.pdf
Consider the function f defined below static void fLinke.pdfConsider the function f defined below static void fLinke.pdf
Consider the function f defined below static void fLinke.pdf
adharvamobiles
 
Consider the following statistics From 2010 to 2011 GDP gre.pdf
Consider the following statistics From 2010 to 2011 GDP gre.pdfConsider the following statistics From 2010 to 2011 GDP gre.pdf
Consider the following statistics From 2010 to 2011 GDP gre.pdf
adharvamobiles
 
Consider the following schema Emps EID EName Sal DNo D.pdf
Consider the following schema Emps EID EName Sal DNo D.pdfConsider the following schema Emps EID EName Sal DNo D.pdf
Consider the following schema Emps EID EName Sal DNo D.pdf
adharvamobiles
 
Consider the following table which displays Molly and Shawn.pdf
Consider the following table which displays Molly and Shawn.pdfConsider the following table which displays Molly and Shawn.pdf
Consider the following table which displays Molly and Shawn.pdf
adharvamobiles
 

More from adharvamobiles (20)

Consider these claims concerning the Affordable Care Act a.pdf
Consider these claims concerning the Affordable Care Act a.pdfConsider these claims concerning the Affordable Care Act a.pdf
Consider these claims concerning the Affordable Care Act a.pdf
 
Consider two countries Albania relatively abundant in low.pdf
Consider two countries Albania relatively abundant in low.pdfConsider two countries Albania relatively abundant in low.pdf
Consider two countries Albania relatively abundant in low.pdf
 
Consider the UK and Romania producing and trading capitali.pdf
Consider the UK and Romania producing and trading capitali.pdfConsider the UK and Romania producing and trading capitali.pdf
Consider the UK and Romania producing and trading capitali.pdf
 
Consider the Turing machine above The alphabet consists of .pdf
Consider the Turing machine above The alphabet consists of .pdfConsider the Turing machine above The alphabet consists of .pdf
Consider the Turing machine above The alphabet consists of .pdf
 
Consider the Table below which shows data for Firm D The fi.pdf
Consider the Table below which shows data for Firm D The fi.pdfConsider the Table below which shows data for Firm D The fi.pdf
Consider the Table below which shows data for Firm D The fi.pdf
 
Consider the same two families from question 1 but this ti.pdf
Consider the same two families from question 1  but this ti.pdfConsider the same two families from question 1  but this ti.pdf
Consider the same two families from question 1 but this ti.pdf
 
Consider the same scenario as above A recent poll conducted.pdf
Consider the same scenario as above A recent poll conducted.pdfConsider the same scenario as above A recent poll conducted.pdf
Consider the same scenario as above A recent poll conducted.pdf
 
Consider the relation PLAYER with relational schema PLAYER .pdf
Consider the relation PLAYER with relational schema PLAYER .pdfConsider the relation PLAYER with relational schema PLAYER .pdf
Consider the relation PLAYER with relational schema PLAYER .pdf
 
Consider the graph below and answer the questions that follo.pdf
Consider the graph below and answer the questions that follo.pdfConsider the graph below and answer the questions that follo.pdf
Consider the graph below and answer the questions that follo.pdf
 
Consider the process of Darwinian evolution in which organis.pdf
Consider the process of Darwinian evolution in which organis.pdfConsider the process of Darwinian evolution in which organis.pdf
Consider the process of Darwinian evolution in which organis.pdf
 
Consider the following time series data a Construct a tim.pdf
Consider the following time series data a Construct a tim.pdfConsider the following time series data a Construct a tim.pdf
Consider the following time series data a Construct a tim.pdf
 
Consider the MundellFleming Model under Flexible Exchange R.pdf
Consider the MundellFleming Model under Flexible Exchange R.pdfConsider the MundellFleming Model under Flexible Exchange R.pdf
Consider the MundellFleming Model under Flexible Exchange R.pdf
 
Consider the given scenario and list the recommended control.pdf
Consider the given scenario and list the recommended control.pdfConsider the given scenario and list the recommended control.pdf
Consider the given scenario and list the recommended control.pdf
 
Consider the given figureThree devices want to transmit the.pdf
Consider the given figureThree devices want to transmit the.pdfConsider the given figureThree devices want to transmit the.pdf
Consider the given figureThree devices want to transmit the.pdf
 
Consider the graph below and choose the correct answer from .pdf
Consider the graph below and choose the correct answer from .pdfConsider the graph below and choose the correct answer from .pdf
Consider the graph below and choose the correct answer from .pdf
 
Consider the market for air conditioning units The followin.pdf
Consider the market for air conditioning units The followin.pdfConsider the market for air conditioning units The followin.pdf
Consider the market for air conditioning units The followin.pdf
 
Consider the function f defined below static void fLinke.pdf
Consider the function f defined below static void fLinke.pdfConsider the function f defined below static void fLinke.pdf
Consider the function f defined below static void fLinke.pdf
 
Consider the following statistics From 2010 to 2011 GDP gre.pdf
Consider the following statistics From 2010 to 2011 GDP gre.pdfConsider the following statistics From 2010 to 2011 GDP gre.pdf
Consider the following statistics From 2010 to 2011 GDP gre.pdf
 
Consider the following schema Emps EID EName Sal DNo D.pdf
Consider the following schema Emps EID EName Sal DNo D.pdfConsider the following schema Emps EID EName Sal DNo D.pdf
Consider the following schema Emps EID EName Sal DNo D.pdf
 
Consider the following table which displays Molly and Shawn.pdf
Consider the following table which displays Molly and Shawn.pdfConsider the following table which displays Molly and Shawn.pdf
Consider the following table which displays Molly and Shawn.pdf
 

Recently uploaded

Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
EverAndrsGuerraGuerr
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
Jisc
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve Thomason
Steve Thomason
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
kaushalkr1407
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
Sandy Millin
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
MysoreMuleSoftMeetup
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
RaedMohamed3
 
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptxMARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
bennyroshan06
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
Vikramjit Singh
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
Tamralipta Mahavidyalaya
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
Celine George
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
Jisc
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
BhavyaRajput3
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
AzmatAli747758
 
PART A. Introduction to Costumer Service
PART A. Introduction to Costumer ServicePART A. Introduction to Costumer Service
PART A. Introduction to Costumer Service
PedroFerreira53928
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
TechSoup
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
GeoBlogs
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
Celine George
 

Recently uploaded (20)

Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve Thomason
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
 
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptxMARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
 
PART A. Introduction to Costumer Service
PART A. Introduction to Costumer ServicePART A. Introduction to Costumer Service
PART A. Introduction to Costumer Service
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
 

Consider the simple economy that produces only three product.pdf

  • 1. Consider the simple economy that produces only three products. Use the information in the following table to calculate the (annual rate of) inflation for 2020 as measured by the consumer price index (CPI). Using the information in the table, the CPI for 2019, with 2010 as the base year, is (Enter your response rounded to one decimal place.) The inflation rate for 2020 as measured by the consumer price index (CPI) is %. (Enter your response rounded to two decimal places.)