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5 Consider the following information regarding a basket of goods and services for a typical household: Basket 2016 2017 18 Good/service Quantity (units) Price ($)

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5 Consider the following information regarding a basket of goods and services for a typical household: Basket 2016 2017 18 Good/service Quantity (units) Price ($) Price ($) Housing 12 800 825 Internet 12 75 75 Cable 12 40 50 21 Food 100 5 8 Using 2017 as the base year, the consumer price index for 2016 was 24 94.10 27 O 100 106.27 O None of the above

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