consider a simple economy where the basket of goods used to calculate the CPI contains two items shirts pants. The basket consists of 3 shirts and 2 pairs of pants. Each item increases in price by $1 in year 2. Use this information to complete the table and calculate the CPI

Answer:

Step-by-step explanation:

Calculation of CPI(Consumer Price Index) for year 2:

Total price of basket in year 1 is:

=Total price of shirt+Total price of pants

=($25 × 3) + ($20 × 2)

= $115

Total price of basket in year 2 is:

= ($26 × 3) + ($21 × 2)

= $120

CPI for year 2 is:

= (Total price of basket in year 2/Total price of basket in year 2) × 100

=($120/$115) × 100

=104.35

SI=(P*R*T)/100

P=2000

R=1.5

T=6

SI=(2000*1.5*6)/100

=(2000*9)/100

=180

Neil will earn interest of 180

The answer is in the image 

y=2x+15

where y=Value of coin

x=Age in years

Value of coin after 19 years=2*19+15

=$53

Therefore, Value after 19 years=$53

The answer is in the image 

F=ma

where F=force

m=mass

a=acceleration

Here,

F=4300

a=3.3m/s2

m=F/a

    =4300/3.3

    =1303.03kg

Salesperson will make 6% of 1800

=(6/100)*1800

=108

Salesperson will make $108 in $1800 sales

The wood before starting =12 feet

Left wood=6 feet

Wood used till now=12-6=6 feet

Picture frame built till now= 6/(3/4)

=8 pieces

Therefore, till now 8 pieces have been made.

The answer is in the image 

30% of 420 are first year students

first year students = (30/100 )*420

=126 students

Student who are not in first year = 420-126

=294 students