Table 9-11 Price (2005) Quantity (2005) 6 4 100 Product Hair cuts Backpacks Tacos Total $50...

Question

Question

Answer 1

Answer #1

Option 3

CPI for 2013= (expenditure of 2013/expenditure of 2005)*100

= (1024/500)*100

= 204.8

As, 204.8 is close to 208, we need to select option 3 here.

Answer 2

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