Question: Assignment 6 Chapter 9 1. Assignment 6 Base Week = Week 1 Week Good Quantity 1 2 3 4 5 Cereal 1 $2.50 $2.65 $2.75
Assignment 6 Chapter 9
1.
| Assignment 6 | Base Week = Week 1 | |||||
| Week | ||||||
| Good | Quantity | 1 | 2 | 3 | 4 | 5 |
| Cereal | 1 | $2.50 | $2.65 | $2.75 | $2.45 | $2.60 |
| Milk | 1 | $2.50 | $2.75 | $2.75 | $3.00 | $3.25 |
| Oranges | 5 | $0.25 | $0.30 | $0.35 | $0.40 | $0.50 |
| Apple Juice | 1 | $3.00 | $3.50 | $3.00 | $3.50 | $3.00 |
| Cost of Mkt Basket | ||||||
| CPI | ||||||
| Inflation |
2. Name 2 reasons why the CPI underestimates the true Inflation Rate?
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