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28 Sep 2019
The monthly market basket for consumers consists of pizza, t-shirts, and rent.
The table below shows market basket quantities and prices for the base year (Year 1) and in the following year.
Product
Base Year (Year 1)
Quantity
Price in the
Base Year
Price in
Year 2
Pizza
10
$3.00
$3.75
T-Shirts
4
$10.00
$9.00
Rent
1
$450.00
$495.00
In Year 1, the CPI for the economy is _____?
(Round
both answers to one decimal
place.)
In Year 2, the CPI for this economy is ______?
The monthly market basket for consumers consists of pizza, t-shirts, and rent.
The table below shows market basket quantities and prices for the base year (Year 1) and in the following year.
Product |
Base Year (Year 1) Quantity |
Price in the Base Year |
Price in Year 2 |
Pizza |
10 |
$3.00 |
$3.75 |
T-Shirts |
4 |
$10.00 |
$9.00 |
Rent |
1 |
$450.00 |
$495.00 |
In Year 1, the CPI for the economy is _____?
(Round
both answers to one decimal
place.)
In Year 2, the CPI for this economy is ______?
Chika IlonahLv10
28 Sep 2019