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Correct 107 question 13 0 1 pts if the cpi changes

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110Correct!107Question 130 / 1 ptsIf the CPI changes from 125 to 120 between 2017 and 2018, how did priceschange between 2017 and 2018?Prices increased by 25%.Prices decreased by 5%Prices decreased by 4%.You AnsweredCorrect Answer
Prices increased by 5%.Question 141 / 1 ptsTable 9-10ProductQuantity(2013)Price (2013)Expenditure(2013)Price(2018)Expenditure(on base yearquantities)(2018)Computers1$1,200$1,200$900$900Books102525030300Burgers5031504200Total$1,600$1,400
Refer to Table 9-10.Suppose an economy has only three goods and thetypical family purchases the amounts given in the table above. If 2013 is thebase year, then what is the CPI for 2018?Correct!
Question 151 / 1 ptsTable 9-11ProductQuantity(2013)Price(2013)Expenditure(2013)Price(2018)Expenditure(on base yearquantities)(2018)Hair cuts6$50$300$70$420Backpacks42510030120Tacos10011005500Total$500$1,040Refer to Table 9-11.Suppose an economy has only three goods and thetypical family purchases the amounts given in the table above. If 2013 is thebase year, then what is the CPI for 2018?

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Term
Spring
Professor
CatherineL.Lawson
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