1. There are two periods. Suppose the consumption basket in periods 1 and 2 along with prices in each period is given below: Qo Q1 Po P1 Apples 10 8 1 1.5 Oranges 10 12 1 1.0 a. Calculate inflation using the Laspeyres price index (first period quantities). b. Calculate inflation using the Paasche price index (second period quantities) c. Which index provides the better measure of inflation

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henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

according to the song of roland, the characteristics of an ideal knight are: loyalty to the king, skilled warriors and horseman, valiant, bold, courageous, strong and proud in battle. they should be determined to fulfil their duties and willing to die to make their people safe.

answer; rapid growth in buyer demand and high buyer switching cost;