The data in the table below show the consumption by families in an economy. The year 2018 is the reference base period. Item Quantity (2018) Price (2018) Quantity (2019) Price (2019) Magazines 400 $5.00 450 $4.50 Movie tickets 50 $6.00 200 $8.00 Pizzas 100 $10.00 120 $10.50

The data in the table below show the consumption by families in an economy. The year 2018 is the reference base period. Item Quantity (2018) Price (2018) Quantity (2019) Price (2019) Magazines 400 $5.00 450 $4.50 Movie tickets 50 $6.00 200 $8.00 Pizzas 100 $10.00 120 $10.50

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 5SQ

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Question

The data in the table below show the consumption by families in an economy. The year 2018 is the reference base period.

Item	Quantity (2018)	Price (2018)	Quantity (2019)	Price (2019)
Magazines	400	$5.00	450	$4.50
Movie tickets	50	$6.00	200	$8.00
Pizzas	100	$10.00	120	$10.50

Based on the table above, the CPI for 2019 is

Part 2

102.5.

100.

105.1.

5.0 percent.

98.5

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