Question: Table 9-10 Expenditure (on base year Quantity Expenditure Price quantities) Product (2011) Price (2011) (2011) (2016) (2016) Computers 1 $1,200 $1,200 $900 $900 Books 10

Table 9-10 Expenditure (on base year Quantity Expenditure Price quantities) Product (2011) Price (2011) (2011) (2016) (2016) Computers 1 $1,200 $1,200 $900 $900 Books 10 25 250 30 300 Burgers 50 3 150 4 200 Total $1,600 $1,400 9) Refer to Table 9-10. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016? 9 ) A) 14.3 B) 87.5 C) 114.3 D) 160
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