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itpf04 itpf04
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A year ago
The CPI




   Product
Quantity   (Year 1)
   Price
(Year 1)
Expenditure              (Year 1)
   Price
(Year 2)		Expenditure (on base year quantities)
(Year 2)
Cell Phones3​$500​$1500​$650​$1950​
Pizzas15​19​285​11​165​
Books8​9​72​11​88​
Totalblankblank1857​blank2203​


Suppose an economy has only three goods and the typical family purchases the amounts listed in the table.  If Year 1 is the base year, then the CPI for Year 2 is ________. (Round to the nearest whole number.)

▸ 119

▸ 116

▸ 346

▸ 84
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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onidonid
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A year ago
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itpf04 Author
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Helped a lot
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This site is awesome
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