In 2019 and in2020, consumers in Dexter purchased only books and pens. The prices and quantities for
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Question:
In 2019 and in2020, consumers in Dexter purchased only books and pens.
The prices and quantities for 2019 and 2020 are listed in the table.
The reference base period forDexter's CPI is 2019 and 2019 is also the year of the Consumer Expenditure Survey.
Calculate the CPI in 2020.
The CPI in 2020 is_______.
2019
2020
Item
Price
Quantity
Price
Quantity
Books
$6 6 (2019)
$4 7 (2020)
Pens
$8 5 (2019)
$4 9 (2020)
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