How to calculate CPI

Use the table below to answer the following question.

Table 21.3.2

Data from Southton

	Price (dollars)	Price (dollars)	Quantity (number)	Quantity (number)
Item	Base	Current	Base	Current
Rubber Ducks Beach Towels	1.00 9.00	1.25 6.00	100 12	100 14

18) Refer to Table 21.3.2. From the data in Table 21.3.2, what is Southton's consumer price index for the current year?                18) ______

A) 105.6                B) 94.7                       C) 100.5                D) 100            E) 112

Answer rating: 100% (QA)

Consumer Price Index Cost of market basket Current Year Cost of market basket B... View the full answer