was the real price of gasoline per gallon in base period doll IFS? SIWW 111(1 Ilion and the steps....

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was the real price of gasoline per gallon in base period doll IFS? SIWW 111(1 Ilion and the steps. ()) !wow chari.cs 11 percent interest F:lie On all new car loans. if the inflation rate is 6 Citicorp recci \vs a real interest rate of? Show the calculation and steps.
7) \Vint WC eXperiCtltit hiases in C1P1 c deutationn Fxplain.
Note: Problems 1-7 are IOpts each, except Problem 3. Problem 3 is 40 points. in order to get Ft 'I CRFD1 r, your answer must be neat, well organized and provides sufficient evidence-exi ituntion to support your conciusion.

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David · Accepted Answer

Answer to 1: 
As per Bureau of Labor Statistics, “Consumer price index is a measure of the the change overtime in 
the price paid by urban consumers for a market basket of consumer goods and services.” It basically 
measures the overtime change in the price of a particular basket of consumer goods and services. In 
other words, while consumer price index, basket of goods and services is already defined and we 
just have the check how prices of these goods and services have changed overtime.
Answer to 2: 
Stages; 
1. First we determine the basket of consumer goods and services whose price variation needs 
to be calculated i.e.

was the real price of gasoline per gallon in base period doll IFS? SIWW 111(1 Ilion and the steps. ()) !wow chari.cs 11 percent interest F:lie On all new car loans. if the inflation rate is 6 Citicorp...

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