Table 9-3 LE employed Base Year (2013) LF = 10.0 2018 Product Quantity Price Price 20 +0 = 20 Cokes 100 $0.50 $0.75 unemployed 20 X 100 Hamburgers...
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Could you please show how the problem is worked out to equal 121?


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Table 9-3
LE
employed
Base Year (2013)
LF = 10.0
2018
Product
Quantity
Price
Price
20 +0 = 20
Cokes
100
$0.50
$0.75
unemployed
20
X 100
Hamburgers
200
2.00
2.50
100
CDS
10
20.00
21.00
76) Refer to Table 9-3. Assume the market basket for the consumer price index has three products 76) D
Cokes, hamburgers, and CDs-with the following values in 2013 and 2018 for price and quantity:
The Consumer Price Index for 2018 equals
A ) 75.
B) 93.
C) 108.
D) 121.
D

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The correct answer is d) 121 CPI = (Cost of basket in current period/Cost of basket in... View the full answer

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