Question 16 (5 points)

The prices for several staple food items for the years 2000 and 2009. Compute the Laspeyres price index for this group of items using 2000=100.

	2000				2009
Item	Cost ($)		Quantity		Cost ($)		Quantity
Bread (white, loaf)	0.90		53		2.43		61
Milk (white, litre)	0.97		99		1.80		117
Eggs (white, dozen)	1.71		19		1.81		21
Flour (white,11.36kg)	5.75		5		9.75		8
Butter (salted, 500g)	1.89		14		2.30		13

Question 16 options:

	89.6
	186.9
	182.5
	152.8

Question 17 (5 points)

The Consumer Price Index (1982-84 = 100) reports a CPI in August 2010 for Rent of Shelter as 239.115. What is the percentage change in the price of Rent of Shelter compared to the base?

Question 17 options:

	Increased 139.115 percent
	Decreased 139.115 percent
	Increased 239.115 percent
	Decreased 239.115 percent

Question 18 (5 points)

The Consumer Price Index (1982-84 = 100) reports a CPI in August 2010 for Rent of Shelter as 183.116. What is the percentage change in the price of Rent of Shelter compared to the base?

Question 18 options:

	Increased 183.116 percent
	Decreased 183.116 percent
	Increased 283.116 percent
	Decreased 283.116 percent

Question 19 (5 points)

For a five-year moving average, how many values will be lost at the beginning and end of the time series?

Question 19 options:

	0 at the start and 2 at the end
	3 at the start and 0 at the end
	1 at the start and 1 at the end
	0 at the start and 3 at the end
	2 at the start and 0 at the end

Question 20 (5 points)

From the accompanying table calculate a simple price index for bud tickets using 2005 as the base period. (Round to nearest 10th )

	2005 (=100)		2010
Item	Price	Quantity	Price	Quantity
Movie Ticket	$ 7.50	50	$ 9.00	55
Popcorn	$ 1.75	70	$ 2.50	60
Bus Ticket	$ 1.05	40	$ 1.25	45

Question 20 options:

	120.0
	119.1
	142.9
	123.8