Table 20-11 -Refer to Table 20-11

question 187

Multiple Choice

Table 20-11
$$\begin{array} { | l | c | c | c | r | c | } \hline \text { Product } & \begin{array} { c } \text { Quantity } \\( \mathbf { 2 0 1 1 ) }\end{array} & \begin{array} { c } \text { Price } \\( \mathbf { 2 0 1 1 ) }\end{array} & \begin{array} { c } \text { Expenditure } \\( \mathbf { 2 0 1 1 ) }\end{array} & \begin{array} { c } \text { Price } \\( \mathbf { 2 0 1 6 ) }\end{array} & \begin{array} { c } \text { Expenditure (on } \\\text { base year } \\\text { quantities) (2016) }\end{array} \\\hline \text { Hair cuts } & 6 & \$ 50 & \$ 300 & \$ 70 & \$ 420 \\\hline \text { Backpacks } & 4 & 25 & 100 & 30 & 120 \\\hline \text { Tacos } & 100 & 1 & 100 & 5 & 500 \\\hline \text { Total } & & & \$ 500 & & \$ 1 , \mathbf { 0 4 0 } \\\hline\end{array}$$
-Refer to Table 20-11.Suppose an economy has only three goods and the typical family purchases the amounts given in the table above.If 2011 is the base year,then what is the CPI for 2016?

• A)40.08
• B)100
• C)180
• D)208

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Definitions:

Two-Door

A reference to a design or layout, typically in vehicles or buildings, that features two points of access.

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The process of hiring, positioning, and overseeing employees in an organization.

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The degree to which a primary contractor delegates or outsources portions of a project or job to secondary contractors.