Market Basket 1990 (Base Year) 2010 2011 Product Quantity Price Price Price A B C D 8 12 21 16 If your answer is not a whole number, round to two decimal places. What is the cost of the market basket in 1990? $ $4 $6 $7 $6 $9 $9 $7 $9 $10 $10 $14 $13 A What is the cost of the market basket in 2010? $ A What is the cost of the market basket in 2011? $ What is CPI in 1990? A
Market Basket 1990 (Base Year) 2010 2011 Product Quantity Price Price Price A B C D 8 12 21 16 If your answer is not a whole number, round to two decimal places. What is the cost of the market basket in 1990? $ $4 $6 $7 $6 $9 $9 $7 $9 $10 $10 $14 $13 A What is the cost of the market basket in 2010? $ A What is the cost of the market basket in 2011? $ What is CPI in 1990? A
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:Market Basket 1990 (Base Year) 2010 2011
Product Quantity
Price
Price Price
A
B
C
D
8
12
21
16
If your answer is not a whole number, round to two decimal places.
What is the cost of the market basket in 1990? $
$4
$6 $7
$6
$9 $9
$7
$9 $10
$10 $14 $13
A/
What is the cost of the market basket in 2010? $
A
What is the cost of the market basket in 2011? $
What is CPI in 1990?
A/
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