Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows: • 20 pizzas, $10 each • rent of apartment, $600 per month • gasoline and car maintenance, $100 per month • phone service (basic service plus 10 long-distance calls), $50 per month in the year following the base year, the survey takers determine that pizzas have risen to $11 each, apartment rent is $640, gasoline and maintenance have risen to $120, and phone service has dropped in price to $40. instructions: write your responses by rounding the cpi to three decimal places and the rate of inflation to one decimal place.
(a)- find the cpi in the subsequent year and the rate of inflation between the base year and the subsequent year. cpi: rate of inflation: %
(b)- the family’s nominal income rose by 5 percent between the base year and the subsequent year. are they worse off or better off in terms of what their income is able to buy? the family is .

Sharon had some insider information about a corporate takeover. she unintentionally informed a friend, who immediately bought the stock in the target corporation. the takeover occurred and the friend made a substantial profit from buying and selling the stock. the friend told sharon about his stock dealings, and gave her a pearl necklace because she "made it all possible." the necklace was worth $10,000, but she already owned more jewelry than she desired.

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?