The table shows items of income and expenditure in an The table shows items of i

ID: 1151911 • Letter: T

Question

The table shows items of income and expenditure in an The table shows items of income and expenditure in an Quiz: Chapter 4 Quiz This Question: 1 pt good. The waste basket you bought when you moved into residence is an example of Shares in Ford Motor Company is an example of good. A. a final; neither a final nor an intermediate B. neither a final nor an intermediate; a final C. neither a final nor an intermediate; neither a final nor an intermediate D. a final, a final Concrete purchased by Your Swimming Pool Inc. is an example ofgood. The $20 bill in your pocket is an example of good. 0 A, a final; neither a final nor an intermediate O B. an intermediate: neither a final nor an intermediate O c. a final; a final 0 D, an intermediate, a final Olick to select your answer

Explanation / Answer

Q1. Option A,

Q2. Option D, as concrete is an input used in construction of swimming pool and bill is the final good of service

Q3.

Base Year

This Year

Total spent

Juice

Cloth

Total

CPI

100

174.36

Inflation

74.36

CPI basket is the ratio of cost of current year basket to cost of base year basket

CPI current year = (68/39)*100 = 174.36

CPI is 174.36 and inflation is 74.36

Inflation = ((174.36-100)/100)*100 = 74.36

The CPI basket is 9 bottles of juice and 2 lengths of cloth.