The Data in the Table Above Shows the Consumption by Item

question 24

Multiple Choice

$$\begin{array} { l c c c } \hline \text { Item } & \begin{array} { c } \text { Quantity } \\( \mathbf { 2 0 1 1 } ) \end{array} & \begin{array} { c } \text { Price } \\\text { (2011) }\end{array} & \begin{array} { c } \text { Price } \\\text { (2012) }\end{array} \\\hline \text { Salt } & 2 & \$ 1.00 & \$ 2.00 \\\text { Bread } & 20 & \$ 2.50 & \$ 3.00 \\\hline\end{array}$$
The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011.
-The CPI in 2011 is

• A)140.5.
• B)100.
• C)124.
• D)94.2.
• E)106.2.