Table 24-8
The table below relates to the economy of Mainland, where the typical consumer's market basket consists of 2 televisions and 300 hamburgers.
-Refer to Table 24-8. If the base year is 2013, then the consumer price index was
A)80 in 2013, 100 in 2014, and 60 in 2015.
B)100 in 2013, 300 in 2014, and -100 in 2015.
C)180 in 2013, 200 in 2014, and 160 in 2015.
D)100 in 2013, 111.1 in 2014, and 88.9 in 2015.

Question

Table 24-8
The table below relates to the economy of Mainland, where the typical consumer's market basket consists of 2 televisions and 300 hamburgers. 
-Refer to Table 24-8. If the base year is 2013, then the consumer price index was
A)80 in 2013, 100 in 2014, and 60 in 2015. 
B)100 in 2013, 300 in 2014, and -100 in 2015. 
C)180 in 2013, 200 in 2014, and 160 in 2015. 
D)100 in 2013, 111.1 in 2014, and 88.9 in 2015.

Quizplus · Accepted Answer

The base year CPI is always 100. The CPI for other years is calculated relative to the base year.

Table 24-8 The Table Below Relates to the Economy of Mainland, Where