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Suppose We Shopped for a Basket of Goods in Year

question 22

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Suppose we shopped for a basket of goods in Year 1 and it cost $350. Suppose the same basket of goods adds up to $385 in Year 2. If we use Year 1 as a base year, what would be the Year 2 CPI?


Definitions:

Amplitude

The height of a wave crest, used (in the case of sound waves) as a measure of sound intensity.

Hertz

The unit of frequency in the International System of Units (SI), representing one cycle per second.

Papillae

Structures on the tongue that contain the taste buds, which in turn contain taste receptors.

Taste Buds

Small sensory organs on the tongue and other parts of the mouth that are capable of detecting different flavors.

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