Fill in the blanks in the table below. Instructions: Enter your responses rounded to two decimal...

 

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Fill in the blanks in the table below. Instructions: Enter your responses rounded to two decimal places. Year Nominal Value Real Value CPI (times 100) 2005 420 240 2010 150 210 2015 350 125 The table below gives the CPI and the price of gasoline per gallon in the fictitious country "Alpha" between 2010 and 2015. For each year find the percent change in the price of gasoline from the previous year's price, the CPI inflation rate, and the change in the relative price of gasoline. Instructions: Enter your responses rounded to two decimal places for change in gasoline price and inflation, and one decimal place for percent values in the relative price change. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Gasoline price ($/gallon) Percent change in gasoline price Change in relative price of gasoline Year CPI Inflation 2010 $0.75 1.65 2011 $1.00 1.85 2012 $1.20 2.00 2013 $1.65 2.24 2014 $1.80 2.50 2015 $1.97 2.60 Fill in the blanks in the table below. Instructions: Enter your responses rounded to two decimal places. Year Nominal Value Real Value CPI (times 100) 2005 420 240 2010 150 210 2015 350 125 The table below gives the CPI and the price of gasoline per gallon in the fictitious country "Alpha" between 2010 and 2015. For each year find the percent change in the price of gasoline from the previous year's price, the CPI inflation rate, and the change in the relative price of gasoline. Instructions: Enter your responses rounded to two decimal places for change in gasoline price and inflation, and one decimal place for percent values in the relative price change. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Gasoline price ($/gallon) Percent change in gasoline price Change in relative price of gasoline Year CPI Inflation 2010 $0.75 1.65 2011 $1.00 1.85 2012 $1.20 2.00 2013 $1.65 2.24 2014 $1.80 2.50 2015 $1.97 2.60

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Answer We know that Nominal Value X 10 0 PI Real value ... View the full answer