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Economics

1. Caleati inflatina sing a simple prica de Che fictional price, the College Student Price CSM), had a typical college student fi table matin en terbatasat for the and the prices of each of the good in 2013, 2014, and 2014. The reas of each an inte hade and the total se bat 2017 Perform the alation for 8 and 2010, www 2010 Price Case (Dollar) (Dollar) 2017 Wee Cou Price CA Quy in Basket (utara) () () olar) 10 30 1 75 75 30 300 2 00 2 L 7 2 150 4 Hoteche Creator Large Energy Text 164 2 5 90 720 10 120 Total . 100 Proinde This pic017. CS 2013 2012 2018 2018, , Svate color and to check which w Dewan 2017 2018 2019 Consider a fictional price Index, the College Student Price Index (CSPI), based on a typical college student's annual purchases Suppose the following table shows information on the market basket for the CSP and the prices of each of the goods in 2017, 2018, and 2019. The cost of each hem in the basket and the total cost of the basket are shown for 2017 Perform these same calculations for 2018 and 2019, and enter the results in the following table 2017 Price Cost Quantity in Basket (Dollars) (Dollars) 20 3 30 2018 Price Cost (Dollars) (Dollars) 3 2019 Price Cost (Dollars) (Dollars) 0 1 75 75 50 100 300 2 500 2 2 35 2 Notebooks Calculators Large coffees Energy drinks Textbooks Total cost Price Index 150 4 5 90 720 110 120 1,575 100 Suppow the past year for the price Undex 2017 in the row of the tale, come and enter the value of the set for the remaning years between 2017 2018, the CSP sed by 2018 and 2019, the CPt created by Which of the follow would y price indexes so the Sint overstate lition the cost of sing to college Check Perform these same calculations for 2018 and 2019, and enter the results in the following table 2017 Price Cost (Dollars) (Dollars) 3 30 2018 Price Cost (Dollars) (Dollars) 3 2019 Price Cost (Dollars) (Dollars) Quantity in Rastet 10 Notebooks 4 Calculators 1 75 75 80 104 300 2 600 2 2 Large coffees Energy drinks 75 2 150 5 Textbooks 8 90 720 110 120 Total cost 1,575 100 Price index Support the bone year for this price index in 2017. In the last row or the table calculate and enter the value of the CSPT for the remaining years Between 2017 and 2018, the CSP Increased by 3 Between 2018 and 2019, the CSP increased by Which of the following the would lillustrate why price Indexes such as the CPI might overstate Inflation in the cost of going to college? Check that apply A new, ale method of memory enhancement became available for purchase Professors required each student to buy 10 notebooks, regardless of the price The quality and design of calculators improved dramatically from 2017 to 2019. For example, calculators made in 2019 accept memory cards, whereas those made in 2017 do not, but this quality change is hard to measure. As the price or textbooks increased, more and more students turned to the used-book market or chou not to buy textbooks at an Instead using the coples on reserve in the library

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