The Table Shows the Prices and the Quantities Consumed in Carnivore

question 23

Multiple Choice

The table shows the prices and the quantities consumed in Carnivore Country.The base year is 2013.This means that 2013 is the year the typical basket was determined so the quantities consumed in 2013 are the only quantities needed to calculate the CPI in each year.
Table
$$\begin{array} { | c | c | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Price of } \\\text { beef }\end{array} & \begin{array} { c } \text { Quartity of } \\\text { beef }\end{array} & \begin{array} { c } \text { Price of } \\\text { pork }\end{array} & \begin{array} { c } \text { Quartity of } \\\text { pork }\end{array} \\\hline 2013 & \text { R38 } & 100 & \text { R19 } & 100 \\\hline 2014 & \text { R47.50 } & 90 & \text { R.7.10 } & 120 \\\hline 2015 & \text { R52.25 } & 105 & \text { R19 } & 130 \\\hline\end{array}$$
-Refer to the table above.What is the value of the basket in the base year?

• A)R1045
• B)R5700
• C)R6327
• D)R7956.25
• E)R8725.75

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Definitions:

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