The CPI basket will be the sum total of all the expenditure made by the consumer in the market, It will be 10 x 30 = $300 + $20 = $320. The answer is "C".
This Question: 1 pt 54 of 64 (31 complete) In 2016, consumers in Dexter consumed only...
This Question: 1 pt 19 of 64 65 complete) In 2016, consumers in Dexter consumed only books and pers. The prices and quantities for 2016 and 2017 arested in the table. The reference base period for Dexter's CP 2016. What is the nation in 2017? 2017 Quantity Quantity Price 10 $0 2031 Price $50 Books Pens 15 OA 31 percent OB. zoro OC 60 percent OD 2 percent
In 2015 and in 2016, consumers in Dexter purchased only books and pens The prices and quantities for 2015 and 2016 are listed in the table. 2015 Quantity Price Item 2016 Quantity Price The reference base period for Dexter's CPI is 2015 and 2015 is also the year of the Consumer Expenditure Survey Books Pens The CPI in 2016 is O A. 93.6 O B. 730 OC. 106.8 OD. 100.0 Click to select your answer re to search
Refer to Table 4-2. In 2008, consumers in Toyland consumed only
toy trucks and dolls. The prices and quantities for 2008 and 2009
are listed in Table 4-2. The base year is 2008. What was the cost
of the fixed basket in 2008?
A. $430
B. $335
C. $320
D. $540
Table 4-2: Economy of Toyland 2008 2009 Price Quantity Price Quantity Toy Trucks $30 10 $50 Dolls 20 $2 15