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Canada has the following chart to represent a typical basket of goods: Sleds Oranges Boots Price 2018 $20 $1 $25 Price 2019 $21 $1.5 $22
Canada has the following chart to represent a typical basket of goods:
Sleds | Oranges | Boots | |
Price 2018 | $20 | $1 | $25 |
Price 2019 | $21 | $1.5 | $22 |
Price 2020 | $22 | $2 | $20 |
Price 2021 | $25 | $1 | $23 |
Sleds | Oranges | Boots | |
Quantity 2018 | 1 | 10 | 1 |
Quantity 2019 | 2 | 8 | 1 |
Quantity 2020 | 1 | 5 | 2 |
Quantity 2021 | 2 | 10 | 1 |
Suppose that you are using the the table above to calculate CPI, the expenditure on the typical 2020 using 2019 as a base year is:
Select one:
a.72
b.75
c.80
d.72.5
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