Table 5.11
-Refer to Table 5.11.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?
A)14.3
B)87.5
C)93.2
D)114.3
E)160

Question

Table 5.11 
-Refer to Table 5.11.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?
A)14.3 
B)87.5 
C)93.2 
D)114.3 
E)160

Quizplus · Accepted Answer

The Answer of Table 5.11 
-Refer to Table 5.11.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?
A)14.3 
B)87.5 
C)93.2 
D)114.3 
E)160

Table 5.11 -Refer to Table 5.11.Suppose an Economy Has Only Three Goods