Table 9-2
Base Year (2013)2018

-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 2013 and 2018 for price and quantity: The Consumer Price Index for 2018 equals
A)118.
B)116.
C)86.
D)85.

Question

Table 9-2
Base Year (2013)2018
 
-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 2013 and 2018 for price and quantity: The Consumer Price Index for 2018 equals
A)118. 
B)116. 
C)86. 
D)85.

Quizplus · Accepted Answer

The Answer of Table 9-2
Base Year (2013)2018
 
-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 2013 and 2018 for price and quantity: The Consumer Price Index for 2018 equals
A)118. 
B)116. 
C)86. 
D)85.

Table 9-2 Base Year (2013)2018