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Table 20-11 -Refer to Table 20-11

question 187

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Table 20-11
 Product  Quantity (2011)  Price (2011)  Expenditure (2011)  Price (2016)  Expenditure (on  base year  quantities)  (2016)   Hair cuts 6$50$300$70$420 Backpacks 42510030120 Tacos 10011005500 Total $500$1,040\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?


Definitions:

Group of Friends

A collection of individuals who share a bond of mutual affection, typically excluding family or romantic relationships.

Emotional Problems

Issues related to the experiencing, expressing, or managing of emotions, which can impact an individual's mental health and social relationships.

Obesity

A medical condition characterized by excessive body fat that presents a risk to health, often measured by body mass index (BMI).

Anxiety and Depression

Common mental health disorders characterized by excessive worry and persistent sadness, respectively, which can significantly impair daily functioning.

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