User Account

All Pages

Goods and services purchased in an economy

Assignment Help Business Management
Reference no: EM131704320

Assuming the following were the only goods and services purchased in an economy in the year 2014, in 2010 it cost $300 to purchase the same basket

Product Quantity Prices

Apples 100 $0.50

Shirts 30 10.00

Haircuts 20 3.00

a. How much did this basket of goods cost in 2014?

b. In 2015 the price of apples increased to $0.75, shirts increased to $11 and haircuts increased to $3.50. How much did the basket cost in 2015?

c. Using 2010 as the base year find the price index for 2010, 2014 and 2015

d. Calculate the inflation rate from 2014-2015

Reference no: EM131704320

Questions Cloud

What is meant by the term vertical integration : What is meant by the term "vertical integration"? Describe the vertical integration of Verizon by purchases Yahoo?
Briefly describe the investment demand curve : Briefly describe the Investment Demand Curve. List one factor that would cause the Investment Demand Curve to shift to the right.
Talk about national savings rate : Do you think it is a problem that the US has a relatively low savings rate (When answering this question, you need to talk about national savings rate.
Journal entries using classifications of net assets : The Mon Elisa Museum of Fine Arts is an NFPO that derives most of its resources from wealthy patrons. Mon Elisa has recently changed its accounting system.
Goods and services purchased in an economy : Assuming the following were the only goods and services purchased in an economy in the year 2014, in 2010 it cost $300 to purchase the same basket
Evaluate the current information on terrorist organizations : Compare and contrast two ideas, concepts or topics you have learned in this course and reflect on how it relates to the course objectives.
Discussions of what globalism and cooperation : International Monetary Fund bear the most weight in many discussions of what globalism and cooperation
Does the? single-price policy maximize the? airline profit : Does the? single-price policy maximize the? airline's profit? The airline should the price it charges business travelers and it should the price it charges.
Community level and health care system level : What type of and how could interventions at the social or public policy level, community level, health care system level and individual level.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd