$$\begin{array} { | l | c | c | c | }
\hline { \text { Item } } & \begin{array} { c }
\text { Quantity } \
( 2012 )
\end{array} & \begin{array} { c }
\text { Price } \
( 2012 )
\end{array} & \begin{array} { c }
\text { Price } \
( 2013 )
\end{array} \
\hline \text { Oranges } & 50 & \$ 0.90 & \$ 0.75 \
\hline \text { Bananas } & 100 & \$ 0.50 & \$ 0.95 \
\hline \text { Chicken } & 200 & \$ 2.00 & \$ 2.50 \
\hline \text { Beef } & 100 & \$ 5.00 & \$ 4.80 \
\hline \text { Bread } & 300 & \$ 1.75 & \$ 2.00 \
\hline
\end{array}$$
-The table above gives the CPI basket for 2012.Suppose that 2012 is the reference base period.
a) What is the cost of the CPI basket in 2012?
b) What is the cost of the CPI basket in 2013?
c) What is the CPI for 2012?
d) What is the CPI for 2013?

Question

$$\begin{array} { | l | c | c | c | } 
\hline { \text { Item } } & \begin{array} { c } 
\text { Quantity } \
( 2012 )
\end{array} & \begin{array} { c } 
\text { Price } \
( 2012 )
\end{array} & \begin{array} { c } 
\text { Price } \
( 2013 )
\end{array} \
\hline \text { Oranges } & 50 & \$ 0.90 & \$ 0.75 \
\hline \text { Bananas } & 100 & \$ 0.50 & \$ 0.95 \
\hline \text { Chicken } & 200 & \$ 2.00 & \$ 2.50 \
\hline \text { Beef } & 100 & \$ 5.00 & \$ 4.80 \
\hline \text { Bread } & 300 & \$ 1.75 & \$ 2.00 \
\hline
\end{array}$$
-The table above gives the CPI basket for 2012.Suppose that 2012 is the reference base period.
a) What is the cost of the CPI basket in 2012?
b) What is the cost of the CPI basket in 2013?
c) What is the CPI for 2012?
d) What is the CPI for 2013?

Quizplus · Accepted Answer

The Answer of $$\begin{array} { | l | c | c | c | } 
\hline { \text { Item } } & \begin{array} { c } 
\text { Quantity } \
( 2012 )
\end{array} & \begin{array} { c } 
\text { Price } \
( 2012 )
\end{array} & \begin{array} { c } 
\text { Price } \
( 2013 )
\end{array} \
\hline \text { Oranges } & 50 & \$ 0.90 & \$ 0.75 \
\hline \text { Bananas } & 100 & \$ 0.50 & \$ 0.95 \
\hline \text { Chicken } & 200 & \$ 2.00 & \$ 2.50 \
\hline \text { Beef } & 100 & \$ 5.00 & \$ 4.80 \
\hline \text { Bread } & 300 & \$ 1.75 & \$ 2.00 \
\hline
\end{array}$$
-The table above gives the CPI basket for 2012.Suppose that 2012 is the reference base period.
a) What is the cost of the CPI basket in 2012?
b) What is the cost of the CPI basket in 2013?
c) What is the CPI for 2012?
d) What is the CPI for 2013?

-The Table Above Gives the CPI Basket for 2012