I just want to get second pics answers I do not want to get

I just want to get second pic\'s answers

I do not want to get a picture because i want to copy

Suppose that the economy is made up of the following three goods. The quantities produced and their corresponding prices for 2013 and 2017 are shown in the table. 2013 Quantity 60,000 00,000 $0.80 640 2017 Quantity 120,000 520,000 746 Product 2013 Price 2017 Price Turkey Mail GPS units $14.50 0 $0.90 $301 $16.50 $250

Solution

2013 Q

2013 P

Cost of basket-2013

2017 Q

2017 P

Cost of basket-2017

Turkey

60000

16.5

990000

120000

14.5

1740000

Mail

500000

0.8

400000

520000

0.9

468000

GPS units

640

250

160000

746

301

224546

1550000

2432546

CPI of 2017 = (Cost of basket 2017/Cost of basket 2013)*100 = (2432546/1550000)*100 = 156.94

So, the price of car in 2017 = 1981 price*(CPI of 2017/CPI of 1981)

= $3200*(156.94/39.883)

= $12592.03

	2013 Q	2013 P	Cost of basket-2013	2017 Q	2017 P	Cost of basket-2017
Turkey	60000	16.5	990000	120000	14.5	1740000
Mail	500000	0.8	400000	520000	0.9	468000
GPS units	640	250	160000	746	301	224546
			1550000			2432546