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CPI basket 2009 Price 2015 Price quantity Blu-rays 10 discs $16 per disc $12 per disc Bottled Water 200 bottles $1.00 per bottle $1.25 per bottle

CPI basket 2009 Price 2015 Price quantity Blu-rays 10 discs $16 per disc $12 per disc Bottled Water 200 bottles $1.00 per bottle $1.25 per bottle

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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If 2009 is the reference base period, what is the price index for the CPI basket for 2015?

The table presents data related to the Consumer Price Index (CPI) basket, detailing the quantities and prices of two commodities: Blu-rays and bottled water, for the years 2009 and 2015. ### Table Breakdown: #### Columns: 1. **CPI Basket Quantity** - Lists the quantity of each item in the basket. 2. **2009 Price** - Indicates the price per unit of each item in the year 2009. 3. **2015 Price** - Indicates the price per unit of each item in the year 2015. #### Rows: - **Blu-rays** - Quantity: 10 discs - 2009 Price: $16 per disc - 2015 Price: $12 per disc - **Bottled Water** - Quantity: 200 bottles - 2009 Price: $1.00 per bottle - 2015 Price: $1.25 per bottle ### Summary: The table illustrates that from 2009 to 2015, the price of Blu-rays decreased from $16 to $12 per disc, while the price of bottled water increased from $1.00 to $1.25 per bottle. This data can be used to analyze inflation trends and consumer spending behavior over these years.
Transcribed Image Text:The table presents data related to the Consumer Price Index (CPI) basket, detailing the quantities and prices of two commodities: Blu-rays and bottled water, for the years 2009 and 2015. ### Table Breakdown: #### Columns: 1. **CPI Basket Quantity** - Lists the quantity of each item in the basket. 2. **2009 Price** - Indicates the price per unit of each item in the year 2009. 3. **2015 Price** - Indicates the price per unit of each item in the year 2015. #### Rows: - **Blu-rays** - Quantity: 10 discs - 2009 Price: $16 per disc - 2015 Price: $12 per disc - **Bottled Water** - Quantity: 200 bottles - 2009 Price: $1.00 per bottle - 2015 Price: $1.25 per bottle ### Summary: The table illustrates that from 2009 to 2015, the price of Blu-rays decreased from $16 to $12 per disc, while the price of bottled water increased from $1.00 to $1.25 per bottle. This data can be used to analyze inflation trends and consumer spending behavior over these years.
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