Table 13-10 -Refer to Table 13-10

question 14

Multiple Choice

Table 13-10
$\begin{array}{|l|r|r|r|r|r|}\hline &\text { Ouantity } & \text { Price } & \text { Expenditure } & \text { Price }& \text { Expenditure (on base year} \\\text { Product } & \text { (2013) } & (2013) & {(2013) } & \text { (2018) } & \text { quantities) (2018) } \\\hline \text { Computers } & 1 & \$ 1,200 & \$ 1,200 & \$ 900 & \$ 900 \\\hline \text { Books } & 10 & 25 & 250 & 30 & 300 \\\hline \text { Burgers } & 50 & 3 & 150 & 4 & 200 \\\hline \text { Total } & & & \$ 1,600 & & \$ 1,400\\\hline\end{array}$
-Refer to Table 13-10.Suppose an economy has only three goods and the typical family purchases the amounts given in the table above.If 2013 is the base year,then what is the CPI for 2018?

• A) 14.3
• B) 87.5
• C) 114.3
• D) 160

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Definitions:

Structural Unemployment

Employment decline due to the transformation of the industrial landscape, primarily influenced by technological progress, rather than changes in demand or supply dynamics.

Structural

Pertaining to the intrinsic, essential framework or construction of something, often used in contexts like structural reforms in economics or structural engineering.

Shipbuilder

A person or company that specializes in the construction of ships.

Specialized Skills

Specific expertise or abilities acquired through education or training, enhancing an individual's performance in a particular job.