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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. < Prev 6 of 10 Next > Media Bias

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. < Prev 6 of 10 Next > Media Bias

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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. < Prev 6 of 10 Next > Media Bias v11420 (1) JAN 31 W
Transcribed Image Text: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. < Prev 6 of 10 Next > Media Bias v11420 (1) JAN 31 W
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