Question
Year Price of a pound of Bacon (10 units) Price of a dozen Eggs (15 units) Price of a pound of Coffee (20 units) 1
Year Price of a pound of Bacon (10 units) Price of a dozen Eggs (15 units) Price of a pound of Coffee (20 units) 1 $5.50 $1.75 $4.00 2 $5.25 $2.00 $4.50 3 $5.50 $2.00 $5.00
Use the information in the table above to answer the question. What is the CPI in year 3, using Year 1 as the base year?
Multiple choice question.
114.73
107.25
107.98
100
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
