A news report says that falling oil prices pushed the CPI down 0.1 percent in a month
Question:
A news report says that falling oil prices pushed the CPI down 0.1 percent in a month in which energy prices fell 2.4 percent and the price of gasoline fell by 3.9 percent.
Given the further information that the weight on energy prices in the CPI is 8 percent, by how much would the CPI have changed in the month if energy prices had not changed?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
Because energy accounts for 8 percent of the CPI basket its fall ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A news report says that falling oil prices pushed the CPI down 0.1 percent in a month in which energy prices fell 2.4 percent and the price of gasoline fell by 3.9 percent. By what percentage did the...
-
Given the further information that the weight on energy prices in the CPI is 8 percent, by how much would the CPI have changed in December 2015 if energy prices had not changed? Falling oil prices...
-
How much would the Fed have to reduce interest rates to get the same stimulus as President Obamas $800 billion fiscal stimulus?
-
Procter & Gamble just received payment for a large export of Tide in the amount of 275,000 Denmark kroner (DKK). If the exchange rate is $0.1992 CAD per DKK, how many Canadian dollars will...
-
Using the data in Appendix D, use a t test to compare ADDSC scores of males and females.
-
Perry Rowan worked at Salomon North America Inc. as a glide tester for snow skis. Glide testing determines which ski waxes and structures of the ski bottom run the fastest on the snow located at the...
-
Critics of the new hybrid benefit corporation have suggested that benefit corporation laws are unnecessary because corporations are already permitted to operate with a corporate social responsibility...
-
The normal capacity of Albany Adhesives Inc. is 40,000 direct labor hours and 20,000 units per month. A finished unit requires 6 lb of materials at an estimated cost of $2 per pound. The estimated...
-
2. 42. 33 43 A. B. Which of the above atoms belong to inert element R S C. T D. U A. If atom R belong to element R ant atom V belong to element V, what would be the formula of the compound formed...
-
Zimbabwe central bank hikes interest rate to 50 percent In an attempt to lower inflation, the Reserve Bank of Zimbabwe has raised its interest rate to 50 percent a year. Steve H. Hanke, an economics...
-
The base year is 2012. Real GDP in 2012 was $15 trillion. The GDP price index in 2019 was 105, and real GDP in 2019 was $16 trillion. What was the percentage increase in production from 2012 to 2019,...
-
Analysis of financial statement disclosures for securities available for sale. Exhibit 12.9 reproduces data about the marketable equity securities held as securities available for sale for Moonlight...
-
A Company produces and sells a single product for $ 1 0 per unit. The variable cost per unit is $ 6 , and the fixed costs are $ 2 0 , 0 0 0 per year. Calculate shutdown point.
-
As the database project lead, what will you do to identify deficiencies in data quality and governance, how will you gauge incomplete and unreliable data, and what processes will you establish to...
-
FISH ANATOMY AND NECROPSY Draw the external and internal anatomy of your specimen and identify each part correctly. You may use extra sheet if necessary. -External Anatomy of Fish -Internal Anatomy...
-
What is the gross yearly income? 2. What is the gross monthly income using this pay rate?
-
Below are some of the items found in a multiple-step income statement. Put them in order of how they would appear on a multi-step income statement. =Operating income =Net income =Sales revenue Income...
-
Hiring relatives of foreign officials for no-show jobs is a violation of the FCPA. But what about hiring children of government officials into real jobs? Is that also a violation? The U.S. government...
-
Repeat Exercise 16.6 using the t-test of the coefficient of correlation. Is this result identical to the one you produced in Exercise 16.6?
-
A tax on sugar will be paid by only ______. A. Buyers if the supply of sugar is perfectly elastic B. Sellers if the demand for sugar is perfectly inelastic C. Buyers if the demand for sugar is...
-
A tax on sugar will be paid by only ______. A. Buyers if the supply of sugar is perfectly elastic B. Sellers if the demand for sugar is perfectly inelastic C. Buyers if the demand for sugar is...
-
New York has the highest cigarette taxes in the country. The price of an average pack of cigarettes in New York City is $13. The combined state and city taxes are $5.85 a pack. The average income of...
-
Write an Argument essay about Single Parent Struggle Find at least three (3) sources to support your argument. Add in-text citations from these sources to your paper in order to support your thesis....
-
What social welfare programs are important resources for a woman's shelter? How do the programs impact the clients/consumers at the women's shelter? Describe specific social welfare policies (like...
-
Could you please help me with this? i need to create and present an employee manual for a hotel, restaurant, or country club. The hospitality entity will have at least 50 full-time employees. The...
Study smarter with the SolutionInn App