Table 9-2
Base Year (2011)2016

-Refer to Table 9-2.Assume the market basket for the consumer price index has two products - bread and milk - with the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals
A)118.
B)116.
C)86.
D)85.

Question

Table 9-2
Base Year (2011)2016
 
-Refer to Table 9-2.Assume the market basket for the consumer price index has two products - bread and milk - with the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals
A)118. 
B)116. 
C)86. 
D)85.

Quizplus · Accepted Answer

The Answer of Table 9-2
Base Year (2011)2016
 
-Refer to Table 9-2.Assume the market basket for the consumer price index has two products - bread and milk - with the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals
A)118. 
B)116. 
C)86. 
D)85.

Table 9-2 Base Year (2011)2016