Table 13-11 -Refer to Table 13-11

question 197

Multiple Choice

Table 13-11
$$\begin{array} { | l | r | r | c | c | c | } \hline \text { Product } & \begin{array} { c } \text { Quantity } \\\text { (2005) }\end{array} & \begin{array} { c } \text { Price } \\\text { (2005) }\end{array} & \begin{array} { c } \text { Expenditure } \\\text { (2005) }\end{array} & \begin{array} { c } \text { Price } \\\text { (2013) }\end{array} & \begin{array} { c } \text { Expenditure (on } \\\text { base year } \\\text { quantities) (2013) }\end{array} \\\hline \text { Hair cuts } & 6 & \$ 50 & \$ 300 & \$ 70 & \$ 420 \\\hline \text { Backpacks } & 4 & 25 & 100 & 30 & 120 \\\hline \text { Tacos } & 100 & 1 & 100 & 5 & 500 \\\hline \text { Total } & & & \$ 500 & & \$ 1,040 \\\hline\end{array}$$
-Refer to Table 13-11.Suppose an economy has only three goods and the typical family purchases the amounts given in the table above.If 2005 is the base year,then what is the CPI for 2013?

• A)40.08
• B)100
• C)180
• D)208

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Definitions:

Astronomical Club

An organization for individuals who share an interest in astronomy, often facilitating observations, discussions, and educational events.

Nuclear Energy

Energy released during nuclear fission or fusion, especially when used to generate electricity.

Reliable Source of Power

A dependable and consistent means of generating energy, such as renewable resources or a stable electrical grid.

Heating and Cooling Costs

Expenses related to the energy consumption used to maintain a comfortable temperature inside a building through heating in the winter and cooling in the summer.