这题是有关宏观经济的问题,（请用英语解答）谢谢.The basket of goods and services that a typical family consumes and their respective respective prices are given as follows:Base Year Year 1Food $70 $100Transportation $50 $60Clothin

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这题是有关宏观经济的问题,（请用英语解答）谢谢.The basket of goods and services that a typical family consumes and their respective respective prices are given as follows:Base Year Year 1Food $70 $100Transportation $50 $60Clothin

这题是有关宏观经济的问题,（请用英语解答）谢谢.The basket of goods and services that a typical family consumes and their respective respective prices are given as follows:Base Year Year 1Food $70 $100Transportation $50 $60Clothin
这题是有关宏观经济的问题,（请用英语解答）谢谢.
The basket of goods and services that a typical family consumes and their respective respective prices are given as follows:
Base Year Year 1
Food $70 $100
Transportation $50 $60
Clothing $100 $90
Rent $200 $225
A)What is the change in the general price level from the Base Y and to Year 1
B)If a typical family’s annual income has increased from $200,000 in the Beas Y to $210,000 in Year 1 ,is the family better off in Year 1 Explain.

这题是有关宏观经济的问题,（请用英语解答）谢谢.The basket of goods and services that a typical family consumes and their respective respective prices are given as follows:Base Year Year 1Food $70 $100Transportation $50 $60Clothin
A）Firstly,we can suppose the number of each goods and services in a basket is one. Then we can get the total consumption of a typical family in the Base Year is $70*1+$50*1+$100*1+$200*1=$420
Secondly, suppose the same basket of goods and services that a typical famliy consumes in Year 1,then we can get the total consumption of the Year 1 is $100*1+$60*1+$90*1+$225*1=$475
Therefore, the change of CPI is ($475-$420)/$420=0.13095.That is to say CPI increased by 13% .
B) NO. Because we can acknowledge that the annual income of a typical family increase by （$210,000-$200.000)/$200.000=0.05. (5%)

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