Table 24-9
The table below lists the per gallon prices of gas and milk for the months of April, May, and June. Assume that the typical consumer buys 60 gallons of gas and 4 gallons of milk each month, and that April is the base period.
-Refer to Table 24-9. What is the consumer price index for May?
A)60
B)132
C)166
D)123

Question

Table 24-9
The table below lists the per gallon prices of gas and milk for the months of April, May, and June. Assume that the typical consumer buys 60 gallons of gas and 4 gallons of milk each month, and that April is the base period. 
-Refer to Table 24-9. What is the consumer price index for May?
A)60 
B)132 
C)166 
D)123

Quizplus · Accepted Answer

The consumer price index (CPI) for May is given as 166 in Table 24-9.

Table 24-9 The Table Below Lists the Per Gallon Prices of Gas