Table 13-11 -Refer to Table 13-11

Table 13-11
$\begin{array}{|l|r|r|r|r|r|}\hline &\text { Ouantity } & \text { Price } & \text { Expenditure } & \text { Price }& \text { Expenditure (on base year} \\\text { Product } & \text { (2013) } & (2013) & {(2013) } & \text { (2018) } & \text { quantities) (2018) } \\\hline \text { Hair cuts } & 6 & \$ 50 & \$ 300 & \$ 70 &\$ 420 \\\hline \text { Backpacks } & 4 & 25 & 100 & 30 &120 \\\hline \text { Tacos } & 100 & 1 & 100 & 5 & 500\\\hline \text { Total } & & & \$ 500 & &\mathbf{\$ 1 , 0 4 0}\\\hline\end{array}$
-Refer to Table 13-11.Suppose an economy has only three goods and the typical family purchases the amounts given in the table above.If 2013 is the base year,then what is the CPI for 2018?

A) 40.08
B) 100
C) 180
D) 208

Correct Answer:

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