The due date of the assignment is on Tuesday 1 May 2018 at 12midnight (Australian Eastern Standard Time: AEST (the timezone for Sydney)). 2. The word count is 3000 words (References, tables, figures, and appendix are not included in word count) 3. Requirement: I hope this assignment is written to a high standard achieving at least a high distinction mark which is 85%, or even 90%. 4. This is the assignment question along with the marking guidelines: https://docs.google.com/document/d/1aDNfmVVYwC …

| April 14, 2018

1) Assume there is a simple economy where people consume only 2 goods, food and clothing. Further assume that the market basket of goods used to compute the CPI consists of 100 units of food and 20 units of clothing.     Food    Clothing2004 price per unit    $8    $202005 price per unit    $12    $40a.    Compute the percentage changes in the price of food and the percentage change in t … 

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