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3. Working with Numbers and Graphs Q3 Consider the following hypothetical data, which are similar to those in Exhibit 1 in your textbook. Complete the

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3. Working with Numbers and Graphs Q3 Consider the following hypothetical data, which are similar to those in Exhibit 1 in your textbook. Complete the following table by calculating both the current-year expenditures and the base-year expenditures. Current-Year Prices Current-Year Base-Year Prices Base-Year (Dollars) Expenditures (Dollars) Expenditures Market Basket (Dollars) (Dollars) 10 pens 1 0.20 5 shirts 28 7 5 pairs of shoes 32 10 On the basis of these prices, what is the Consumer Price Index (CPI) for the current year? 3.65 3,56 356.32 837.84

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