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Author Question: Table 9-11 Refer to Table 9-11.Suppose an economy has only three goods and the typical family ... (Read 36 times)

elizabeth18

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Question 1

Table 9-10









Refer to Table 9-10. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?


◦ 14.3
◦ 87.5
◦ 114.3
◦ 160

Question 2

Table 9-11









Refer to Table 9-11. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?


◦ 40.08
◦ 100
◦ 180
◦ 208


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Marked as best answer by elizabeth18 on Mar 16, 2019

amynguyen1221

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elizabeth18

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Reply 2 on: Mar 16, 2019
Thanks for the timely response, appreciate it


Liamb2179

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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