-The tables above give the purchases of an average consumer in a small economy. (These consumers purchase only shampoo and pizza.) Suppose 2015 is the reference base period.
a) What is the cost of the CPI basket in 2015 and 2016?
b) What is the CPI in 2015 and in 2016?
c) What is the inflation rate between 2015 and 2016?
Definitions:
Common Stock Dividend Distributable
A liability recorded on a company's balance sheet for dividends declared but not yet paid to shareholders.
Board of Directors
The Board of Directors is a group of individuals elected by the shareholders of a company to oversee the management and make major decisions.
Stock Dividend
A dividend payment made in additional shares of a company's stock instead of cash.
Cash Dividend
A distribution of earnings made by a company to its stockholders, often in the form of profits.
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