{MGT411 students} MGT411 assignment solution

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Lemah

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Apr 26, 2010, 9:23:01 AM4/26/10
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Question 01

Part A

Calculate consumer price index and inflation rate by using following data. (Marks 4)

 

 

Years

Cost of Basket

CPI

Inflation rate

2006

2000

100

n.a

2007

2300

115

15%

2008

2850

142.5

27.5%

 

 

Part B

Calculate GDP deflator and inflation rate by using following data. (Marks 4)

 

Years

Nominal GDP

Real GDP

GDP Deflator

Inflation rate

2006

78000

78000

100

n.a

2007

82000

80000

102.5

2.5%

2008

89000

85000

104.7

2.2%



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