7A Pound Bag of Pecans increased from $8.00 to $9.75. During that time the produ

Question

7A Pound Bag of Pecans increased from $8.00 to $9.75. During that time the producer Price Index increased by 3.75%, Calculate the Percent Price Change, and the Differential Inflation Rate, based on the pound bags of Pecans. (4 pts. ) 8 If a 24 pack of Soda changed in 4 years from $5.50 to $8.25 find the average rate of inflation (Use The Formula). If my Cost of Living (COLA) raise is 3%, should I continue to purchase this item? (Calculate and explain your answers in terms of Course Concepts and discussion) and these facts. (2pts.) A Student has $1,200 to invest for 10 Years, at an interest rate of 8%, The two choices are Industrial and Govenment Bonds, or Zero Bond. Which will earn

Explanation / Answer

We are allowed to do 1 question at a time. Post again for second question.

7) % price change = 100 * (9.75 - 9)/9 = 8.33

Now we see that PPI has increased by 3.75%

So, differential inflation = 8.33 - 3.75 = 4.583

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