The Data in the Table Above Shows the Consumption by |

$$\begin{array} { | l | c | c | c | c | } \hline \text { Item } & \begin{array} { c } \text { Quantity } \\( 2011 ) \end{array} & \text { Price (2011) } & \begin{array} { c } \text { Quantity } \\( 2012 ) \end{array} & \text { Price (2012) } \\\hline \text { Magazines } & 400 & \$ 5.00 & 450 & \$ 4.50 \\\hline \text { Movie tickets } & 50 & \$ 6.00 & 200 & \$ 8.00 \\\hline \text { Pizzas } & 100 & \$ 10.00 & 120 & \$ 10.50 \\\hline\end{array}$$
The data in the table above shows the consumption by families in an economy. The year 2011 is the reference base period.
-Based on the table above, the CPI for 2012 is

A) 98.5.
B) 105.1.
C) 102.5.
D) 5.0 percent.
E) 100.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Sign up to view answer