Please decide whether each of the scenarios related to the loanable funds market will result in a shift in supply or a shift in demand. China decides to reduce its capital investment in the United States, as it expects low returns due to a weak U.S. economy. Calopolis, a college town in Northern California, has for many years banned the presence of fast food restaurants in city limits. As of 2012, however, the city will allow several fast food companies to open franchised locations. Due to an increase in revenues after a tax hike, the United States is able to eliminate the deficit and begins to maintain a balanced budget for the first time in several decades. As a result of a stock market boom, individuals begin to feel richer and spend more while also saving less.
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Ответ:
The purchasing power of a currency in a particular year is calculated by dividing the consumaer price index (CPI) of a base year by the CPI of the target rear and multiplying the result by 100.
Therefore, the purchasing power for 2011 using 2010 as a base year, when the CPI moved from 100 to 120 from 2010 to 2011 is given by:
Purchasing power = 100 / 120 x 100 = 0.8333 x 100 = 83.33%
Therefore, the purchasing power of 2011 relative to 2010 is 83.33%.