Question

2. Quantity Price Item 016 100 2016 $ 10.00 $100.00 Meals Parking 50 Item Meals QuantityPrice 017 100 2017 $12.00 $97.50 Parking 50 The tables above give the purchases of a typical consumer in a country comprised of one large city. These consumers purchase only restaurant meals and parking. The year 2016 is the reference base period a) Find the total cost of the CPI basket for 2016 and 2017 b) What is the CPI in 2016 and in 2017? c) What is the inflation rate between 2016 and 2017

Answer 1

Psice of Basker 2016 Price of Basker 20 Meale Cost of Baset ct 2017 2016 Rate 100