2014 2014 2015 2015 Item Quantity Price Quantity Price Books 11 $5 14 $5 Pens 13 $1 12. $2 Haircuts 6 $2 16 $4 Te 2014 and 2015, Dexter consumed only books, pens and haircuts. The prices and quantities for 2014 and 2015 are listed in the table. The base year for Dexter is 2015. What is the CPI in 2015? O 1) 141 O 2) 175 3) 137 4) 100

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter16: Measuring The Cost Of Living
Section: Chapter Questions
Problem 3CQQ
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Question
2014
2014
2015
2015
item
Quantity Price
85
Quantity Price
Books
1
14
$45
Pens
3
$1
12
$2
Haircuts 6
$2
$4
To 2014 and 2015, Dexter consumed only books, pens and haircuts. The prices and quantities for 2014 and 2015 are listed in the
tuble
The base year for Dexter is 2015. What is the CPI in 2015?
1) 141
O 2) 175
3) 137
4) 100
Transcribed Image Text:2014 2014 2015 2015 item Quantity Price 85 Quantity Price Books 1 14 $45 Pens 3 $1 12 $2 Haircuts 6 $2 $4 To 2014 and 2015, Dexter consumed only books, pens and haircuts. The prices and quantities for 2014 and 2015 are listed in the tuble The base year for Dexter is 2015. What is the CPI in 2015? 1) 141 O 2) 175 3) 137 4) 100
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