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Suppose a market basket of goods and services includes the goods for two successive years. According to the table, between the years 2012 and 2013,
Suppose a market basket of goods and services includes the goods for two successive years. According to the table, between the years 2012 and 2013,what was the percentage change in the consumer price index?Explain. (Remember to include the total cost of all goods purchased from each year.)
Good/Service Quantity 2012 Unit Price(Base Year) 2013 Unit Price(Current Year)
Cola 20 $0.75 $1.50
Blue Jeans 3 $36.00 $42.00
Hamburgers 14 $1.00 $2.50
Total
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