Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Transcribed Image Text:The table below contain an economy in which typical consumer's basket consists of
19 bushels of corn and 15 bushels of apple.
Year
2017
2018
Price of corn
$12
$14
Answer
Price of apple
$15
$20
Suppose the base year is 2017. What's the CPI for 2018? (Hint: enter your answer in
2 decimal places)
Your Answer:
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