Question
6. The table below shows consumption data collected from a country. Suppose there are only two items are included in this basket, e.g. coffee and
6. The table below shows consumption data collected from a country. Suppose there are only two items are included in this basket, e.g. coffee and digitals. If we know the base year is 2021, the consumer price index (CPI) in 2022 is____?
| Item | Quantity (2021) | Price (2021) | Price (2022) |
| Coffee | 10 | $5.00 | $5.50 |
| Digitals | 2 | $25.00 | $30.00 |
A. 118.3 B. 115.0 C. 110.0 D. 105.0 E. 100.0
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Forecasting for Economics and Business
Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
