Use the data in the following table to solve the question. The commanion tosket i 15 cheeseburgers, 20 pop-tarts, and 5 iPods Table 2 below shows the The base year is 2020 Cheeseburger Pop-Tarts iPods What is the CPI in 2021? 2020 $4 $3 $15 2021 $4 $4 $20 2022 $5 $5 $21

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 17P
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25
cements
joks
"uations
Use the data in the following table to solve the question. The consumption basket is 15
cheeseburgers, 20 pop-tarts, and 5 iPods Table 2 below shows the price of each item each year
The base year is 2020
Cheeseburger
Pop-Tarts
iPods
What is the CPI in 2021?
123.1
140.0
195.0
100
2020
$4
$3
$15
2021
$4
54
$20
2022
$5
$5
$21
Transcribed Image Text:25 cements joks "uations Use the data in the following table to solve the question. The consumption basket is 15 cheeseburgers, 20 pop-tarts, and 5 iPods Table 2 below shows the price of each item each year The base year is 2020 Cheeseburger Pop-Tarts iPods What is the CPI in 2021? 123.1 140.0 195.0 100 2020 $4 $3 $15 2021 $4 54 $20 2022 $5 $5 $21
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