The table shows the quantities of the goods Suzie bought and the prices she paid during two consecutive weeks. The cost of Suzie's CPI market basket in Week 1 is $ 118.50'. >> Answer to 2 decimal places. The cost of her CPI market basket in Week 2 is $ 118.50. >> Answer to 2 decimal places. Gasoline is 44.3 percent of the CPI market basket. >>> Answer to 1 decimal place.

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Chapter16: Measuring The Cost Of Living
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Week 1
The table shows the quantities of the goods Suzie bought and the prices
she paid during two consecutive weeks.
Item
Quantity
Price
The cost of Suzie's CPI market basket in Week 1 is $ 118.50.
>>> Answer to 2 decimal places.
The cost of her CPI market basket in Week 2 is $ 118.50
>>> Answer to 2 decimal places.
Gasoline is 44.3 percent of the CPI market basket.
>>> Answer to 1 decimal place.
The value of Suzie's CPI in Week 2 is 100.0.
>>> Answer to 1 decimal place.
Suzie's inflation rate in Week 2 is 0.0
>>> Answer to 1 decimal place.
>>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign.
percent.
Transcribed Image Text:Week 1 The table shows the quantities of the goods Suzie bought and the prices she paid during two consecutive weeks. Item Quantity Price The cost of Suzie's CPI market basket in Week 1 is $ 118.50. >>> Answer to 2 decimal places. The cost of her CPI market basket in Week 2 is $ 118.50 >>> Answer to 2 decimal places. Gasoline is 44.3 percent of the CPI market basket. >>> Answer to 1 decimal place. The value of Suzie's CPI in Week 2 is 100.0. >>> Answer to 1 decimal place. Suzie's inflation rate in Week 2 is 0.0 >>> Answer to 1 decimal place. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. percent.
The table shows the quantities of the goods Suzie bought and the prices
she paid during two consecutive weeks.
Week 1
Item
Quantity
14 cups
Price
Coffee
$2.50 a cup
Suzie's CPI market basket contains the goods she bought in Week 1.
Books
$30.00 each
Gasoline
15 gallons
$2.50 a gallon
Calculate the cost of Suzie's CPI market basket in Week 1 and in Week 2.
Week 2
What percentage of the CPI market basket is gasoline?
Item
Quantity
Price
Coffee
14 cups
$2.50 a cup
Calculate the value of Suzie's CPI in Week 2 and her inflation rate in week
Books
$15.00 each
$3.00 a gallon
$95 each
2.
Gasoline
5 gallons
Concert
1 ticket
Transcribed Image Text:The table shows the quantities of the goods Suzie bought and the prices she paid during two consecutive weeks. Week 1 Item Quantity 14 cups Price Coffee $2.50 a cup Suzie's CPI market basket contains the goods she bought in Week 1. Books $30.00 each Gasoline 15 gallons $2.50 a gallon Calculate the cost of Suzie's CPI market basket in Week 1 and in Week 2. Week 2 What percentage of the CPI market basket is gasoline? Item Quantity Price Coffee 14 cups $2.50 a cup Calculate the value of Suzie's CPI in Week 2 and her inflation rate in week Books $15.00 each $3.00 a gallon $95 each 2. Gasoline 5 gallons Concert 1 ticket
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