Question: Question 2 Answer the following questions based on the table below. Goods Quantity Base Year Price Current Year Price A 8 RM11 RM12 B 3

Question 2 Answer the following questions based on the table below. Goods Quantity Base Year Price Current Year Price A 8 RM11 RM12 B 3 RM1.50 RM1.50 C 5 RM4 RM3

(a) Calculate the nominal expenditure for each of the goods. [9 marks]

(b) Determine the base and current year CPI index. [8 marks]

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