You are here: Home
May 2, 2010

commodity prices by country

commodity prices by country

The price indices and cost of living help!?

The price indices and weights for the three groups of products included in the calculation of consumer prices a country index. Product Group: X Index: 400 Weight: 5 product groups: the Index: 120 Weight: 3 Product Group: Z: 80 Weight: 2 How the cost of living increased since the base year? A. 52% B. 60% 152% 520% CD This is a past Cambridge exam question .. the answer is C. .. I am completely lost on the issue can someone please explain (including calculations) for me?

Let us first X, YZ separately. X: Increase = (400-100) / 100 = 300% Y: Increase = (120-100) / 100 = 20% A to Z: Increase = (80-100) / 100 = 20% of the total weight is 5 +3 +2 = 10. This means that account for X 10.5 = 0.5, and 3 / 10 = 0.3 and Z 2 / 10 = 0.2 while the overall increase was 0.5 * 300 +0.3% -0.2% * 20 * 20% = 152%





A proposal to anchor monetary policy by the price of the export commodity (Working paper series)



...




An investigation into the principles and credit of the circulation of paper money, or bank notes, in Great Britain : as protected or enforced by legislative authority, under the suspension of paying them in cash; in the extent of such paper money, the responsibility attached to it, and its effects upon prices of commodities, individual income, agriculture, manufactures, commerce; and upon the course of exchange with foreign countries : together with a discussion of the question, whether the res



...

Filed under commodity options trading by admin