Number 11

Scenario: A typical resident of the country of Univertopia consumes a simple basket of goods consisting of soda, pizza, and Frisbees. The base year's basket contains 500 sodas, 200 pizzas, and 40 Frisbees. The price: of these goods over 8 years are given in the table. {2991} 9) Refer to the scenario above. Using 2014 as the base year, what is the Consumer Price Index for 2016? A) 118.2 B] 120.0 C] 121.6 D) 124.0 10) Refer to the scenario above. Using 2014 as the base year, what is the Consumer Price Index for 2011? A) 89.8 B] 98.4 C) 111.4 D) 115.0 11) Refer to the scenario above. Using 2014 as the base year, the ination rate in 2017 is A) 2.5 percent B) 6.7 percent C) 9.3 percent D) 12.3 percent