My CPI numbers are way too big. I keep getting 500 and 400. What am I doing wrong? For year 2009 I added 2,000 for the hot dogs, plus 2,000 for the baseballs, plus 1,000 for the beer divided by 900 for the base year. And times 100. onnecteducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddle...SavedHelpSave & ExitInflation iCheckUse the following table, which lists output quantities and prices for the only three goods in the economy, to answer the next question. The base year is2007.Hot DogsBaseballsBottles of BeerYearPriceQuantityPriceQuantityPriceQuantity2005$2.00100$2.5050$1.0010020064.001005.001002.0015020075.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250The Consumer Price Index for the year 2009 isMultiple Choice50.< Prev6 of 10Next >Media Bias v11420 (1)JAN31W

CPI=cost of basket in current year/cost of basket in base year*100 Cost of basket in…

Answered: 2007. Hot Dogs Baseballs Bottles of…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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My CPI numbers are way too big. I keep getting 500 and 400. What am I doing wrong? For year 2009 I added 2,000 for the hot dogs, plus 2,000 for the baseballs, plus 1,000 for the beer divided by 900 for the base year. And times 100.

onnect
education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddle...
Saved
Help
Save & Exit
Inflation i
Check
Use the following table, which lists output quantities and prices for the only three goods in the economy, to answer the next question. The base year is
2007.
Hot Dogs
Baseballs
Bottles of Beer
Year
Price
Quantity
Price
Quantity
Price
Quantity
2005
$2.00
100
$2.50
50
$1.00
100
2006
4.00
100
5.00
100
2.00
150
2007
5.00
100
5.00
100
2.00
200
2008
8.00
150
8.00
200
4.00
200
2009
10.00
200
10.00
200
4.00
250
The Consumer Price Index for the year 2009 is
Multiple Choice
50.
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6 of 10
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Media Bias v11420 (1)
JAN
31
W

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