Question
The following table shows the prices of three products: water bottles, calculators, and markers. Assume that the average urban family of four consumes 26 blankets,
The following table shows the prices of three products: water bottles, calculators, and markers. Assume that the average urban family of four consumes 26 blankets, 5 headphones, and 18 sunglasses per year. Answer the question below:
If 2017 is the base year, what is the CPI for 2018?
| 2017 Price | 2018 Price | |
| Blankets | 1.15 | 1.31 |
| Headphones | 15.28 | 18.92 |
| Sunglasses | 2.1 | 2.29 |
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Understanding Cross Cultural Management
Authors: Marie Joelle Browaeys, Roger Price
3rd Edition
1292015896, 978-1292015897
