Complete the following table: Base Year 2014 2016 Product Quantity Price Expenditures Price Expenditures Price Expenditures Denim Jeans 1 $70 $70 $140 $140 $105 $105 Pizzas 20 14 280 20 400 18 360 Coffee Drinks 20 6 120 6 120 7 140 Total $470470 $660660 $605605 The CPI in 2014 equals nothing. (Enter your response rounded to two decimal places.)
Complete the following table: Base Year 2014 2016 Product Quantity Price Expenditures Price Expenditures Price Expenditures Denim Jeans 1 $70 $70 $140 $140 $105 $105 Pizzas 20 14 280 20 400 18 360 Coffee Drinks 20 6 120 6 120 7 140 Total $470470 $660660 $605605 The CPI in 2014 equals nothing. (Enter your response rounded to two decimal places.)
Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Unemployment
Section15.1: Ldentifyinr Unemployment
Problem 1QQ
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Question
Complete the following table:
|
Base Year
|
2014
|
2016
|
|
Product
|
Quantity
|
Price
|
Expenditures
|
Price
|
Expenditures
|
Price
|
Expenditures
|
|
Denim Jeans
|
1
|
$70
|
$70
|
$140
|
$140
|
$105
|
$105
|
|
Pizzas
|
20
|
14
|
280
|
20
|
400
|
18
|
360
|
|
Coffee Drinks
|
20
|
6
|
120
|
6
|
120
|
7
|
140
|
|
Total
|
|
|
$470470
|
|
$660660
|
|
$605605
|
The CPI in 2014 equals
nothing.
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