Using the table below, compute the consumer price index CPI) in 2007 using 2006 as the base year. Show all your work.
$$\begin{array} { l l r l r l }
\hline \text { Good } & \text { Quantity } & \text { Price } & \begin{array} { l }
\text { 2006 Total } \
\text { Expenditure }
\end{array} & \text { Price } & \begin{array} { l }
\text { 2007 Total } \
\text { Expenditure }
\end{array} \
\hline \text { Bagels } & 100 & \$ 1.00 & & \$ 1.50 & \
\text { Shoes } & 10 & \$ 45.00 & & \$ 50.00 & \
\text { DVDs } & 20 & \$ 10.00 & & \$ 12.00 & \
\hline
\end{array}$$

Question

Using the table below, compute the consumer price index CPI) in 2007 using 2006 as the base year. Show all your work.
$$\begin{array} { l l r l r l } 
\hline \text { Good } & \text { Quantity } & \text { Price } & \begin{array} { l } 
\text { 2006 Total } \
\text { Expenditure }
\end{array} & \text { Price } & \begin{array} { l } 
\text { 2007 Total } \
\text { Expenditure }
\end{array} \
\hline \text { Bagels } & 100 & \$ 1.00 & & \$ 1.50 & \
\text { Shoes } & 10 & \$ 45.00 & & \$ 50.00 & \
\text { DVDs } & 20 & \$ 10.00 & & \$ 12.00 & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Using the table below, compute the consumer price index CPI) in 2007 using 2006 as the base year. Show all your work.
$$\begin{array} { l l r l r l } 
\hline \text { Good } & \text { Quantity } & \text { Price } & \begin{array} { l } 
\text { 2006 Total } \
\text { Expenditure }
\end{array} & \text { Price } & \begin{array} { l } 
\text { 2007 Total } \
\text { Expenditure }
\end{array} \
\hline \text { Bagels } & 100 & \$ 1.00 & & \$ 1.50 & \
\text { Shoes } & 10 & \$ 45.00 & & \$ 50.00 & \
\text { DVDs } & 20 & \$ 10.00 & & \$ 12.00 & \
\hline
\end{array}$$

Using the Table Below, Compute the Consumer Price Index CPI)