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Question #4.6 (Page 309) Consider a simple economy that produces only three products: haircuts, hamburgers, and streaming movies Product Quantity Price Base Year Price (2019)

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Question #4.6 (Page 309) Consider a simple economy that produces only three products: haircuts, hamburgers, and streaming movies Product Quantity Price Base Year Price (2019) Price (2020) 2010 Haircuts $10.00 $13.00 $16 20 Hamburgers 10 $2.00 $2.45 $2.40 Movies 6 $20.00 $13.00 $12.00 a. Use the information in the table (above) to calculate the CPI for 2019, with 2010 as the base year

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