2012 2013

-In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the CPI in 2013?
A) 59
B) 129
C) 169
D) 102

Question

2012 2013
 
-In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the CPI in 2013?
A) 59 
B) 129 
C) 169 
D) 102

Quizplus · Accepted Answer

The CPI is calculated by taking the cost of the market basket in the current year (2013) and dividing it by the cost of the market basket in the base year (2012), then multiplying by 100. If the cost in 2013 is 169% of the cost in 2012, the CPI is 169.

2012 2013 -In 2012, Consumers in Dexter Consumed Only Books and Pens