-The tables above give the purchases of an average consumer in a small economy. (These consumers purchase on shampoo and pizza.) Suppose 2006 is the reference base period.
a) What is the cost of the CPI basket in 2006 and 2007?
b) What is the CPI in 2006 and in 2007?
c) What is the inflation rate between 2006 and 2007?

Question

Quizplus · Accepted Answer

The Answer of 
-The tables above give the purchases of an average consumer in a small economy. (These consumers purchase on shampoo and pizza.) Suppose 2006 is the reference base period.
a) What is the cost of the CPI basket in 2006 and 2007?
b) What is the CPI in 2006 and in 2007?
c) What is the inflation rate between 2006 and 2007?

-The Tables Above Give the Purchases of an Average Consumer