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Question 2 Below are the expenditure weights and prices of clothes, food, living, and commute in year 2019, 2020 and 2021 in a Southeast Asian
Question 2 Below are the expenditure weights and prices of clothes, food, living, and commute in year 2019, 2020 and 2021 in a Southeast Asian city: Item Expenditure weight 2019 Price 2020 Price 2021 Price Clothes 10% 12 15 18 Food 30% 40 45 48 Living 45% 115 114 120 Commute 15% 10 10 10 (a) Compile the CPIs for year 2020 and 2021 by using 2019 as the base year. (6 marks) (b) Calculate the percentage change in prices from 2020 to 2021. (2 marks) (c) Which item(s) has / have experienced price rise from 2020 to 2021? (2 marks) (Total: 10 marks)
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