In 2019 and in 2020, consumers in Dexter purchased only books and pens. The prices and quantities for 2019 and 2020 are listed in the table. The reference base period for Dexter's CPI is 2019 and 2019 is also the year of the Consumer Expenditure Survey. Calculate the CPI in 2020. The CPI in 2020 is O A. 106.7 OB. 64.0 OC. 100.0 O D. 93.7 Item Books Pens 2019 2020 Price Quantity Price Quantity $5 4 $4 7 $5 8 $6 4
In 2019 and in 2020, consumers in Dexter purchased only books and pens. The prices and quantities for 2019 and 2020 are listed in the table. The reference base period for Dexter's CPI is 2019 and 2019 is also the year of the Consumer Expenditure Survey. Calculate the CPI in 2020. The CPI in 2020 is O A. 106.7 OB. 64.0 OC. 100.0 O D. 93.7 Item Books Pens 2019 2020 Price Quantity Price Quantity $5 4 $4 7 $5 8 $6 4
Chapter17: Inflation
Section: Chapter Questions
Problem 5SQ
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