7.50 Good B 2 $3.00 $3.00 Good C 4 $1.00 $1.50 The able above gives the information about the items in e CPI basket and prices. Assume that 2019 is a eference base period. What is the value of the CPI dex for the year 2019? 33 40

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Author:N. Gregory Mankiw
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2019 2020 Item Quantity Price Price Good A 4 $5.00
$7.50 Good B 2 $3.00 $3.00 Good C 4 $1.00 $1.50 The
table above gives the information about the items in
the CPI basket and prices. Assume that 2019 is a
reference base period. What is the value of the CPI
index for the year 2019?
100
133
75
140
Transcribed Image Text:2019 2020 Item Quantity Price Price Good A 4 $5.00 $7.50 Good B 2 $3.00 $3.00 Good C 4 $1.00 $1.50 The table above gives the information about the items in the CPI basket and prices. Assume that 2019 is a reference base period. What is the value of the CPI index for the year 2019? 100 133 75 140
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