We appreciate your visit to The CPI for personal computers and peripheral equipment in June 2006 was 10 7 1982 1984 100 Interpret this index A There was no significant. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Answer:
C. The price of "personal computers and peripheral equipment" decreased 89.3%.
Step-by-step explanation:
Consumer Price Index (CPI) measures change in price level, of weighted average market basket of consumer goods & services produced by households.
CPI calculated change in current year price level with regards to base year price level, base year price = 100. CPI > 100 implies that inflation (price rise) has occurred in current year from base year. CPI < 100 implies that deflation (price fall) has occurred in current year from base year.
CPI for 'personal computers & equipment' = 10.7 implies that prices of 'personal computers & equipment' have fallen or deflated. As per base year price = 100, prices have fallen by 100 - 10.7 = 89.3%
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Answer:
The answer is "Option B"
Step-by-step explanation:
[tex]CPI = 10.7 \ in \ (\ june, \ 2006) \\\\CPI_{2006}= \frac{\ cost \ of \ basket \ of \ year \ 2006}{\ cost \ of \ basket \ of \ year \ 1982 \ to \ 84} \times 100\\\\\frac{10.7}{100} =\frac{\ cost \ of \ basket \ of \ year \ 2006}{\ cost \ of \ basket \ of \ year \ 1982 \ to \ 84}\\\\[/tex]
The cost of basket [tex]_{1982 \ to 1984} \times 0.107= \ cost \ of \ basket_{2006} \\\\[/tex]
[tex]\ cost \ of \ basket_{1982 \ to 1984} \ is \ given \ as \ 100\\\therefore \ \ cost \ of \ basket_{2006} = 100 \times 0.107\\\\[/tex]
[tex]\ = 10.7\\\\[/tex]
So, the answer is 10.7 % .
