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: year price of an apple number of apples consumed price of an orange number of oranges consumed 2012 2 3 3 2 2013 3 2 4 1 2014 5 1 5 2 consider 2012 to be the base year. a. 100 cpi, 49.56 percent inflation b. 165 cpi, 45.40 percent inflation c. 185 cpi, 55.35 percent inflation d. 175 cpi, 60.56 percent inflation e. 125 cpi, 50.60 percent inflation

In order to find CPI and inflation rate for 2014.

First of all, we will find the price of the consumption basket in the base year.

Next, multiply ... The CPI for any year is given by the formula.

The inflation rate is the percent change in the CPI .”

d is the correct answer.

b is incorrect because it makes food by itself

c is incorrect because us humans don't know how to produce their own food using the sun like plants.

a is incorrect because consumers can depend on carnivores for eating food for consumers to eat the dead organism. same thing with omnivores.

1.) question:

how was the agricultural revolution related to the industrial revolution?

d.) improved agriculture led to population growth, which increased demand for goods.

2.) question:

which of the following happened first in the events leading to american independence?

c.) the meeting of the first continental congress.

3.) question:

what was one advantage that cities offered businesses and industrialists?

answer:

d.) transportation networks

4.) question:

what economic philosophy developed in response to the problems of industrial workers?

a.) socialism

5.) question:

how does this image relate to the jacobins?

b.) the jacobins used this machine to scare and execute those who supported the king.

hope this !