Principles of Macroeconomics Chapter 7-INFLATION Worksheet 1. Calculate the CPI for the following hypothetical simple Economy. Products in Consumers' Market Basket Hamburgers Gallons of Gas Jeans Quantity Purchased 50 250 2 1982 Price $0.80 $0.70 $15 2018 Price $2 $2.5 $30

Principles of Macroeconomics Chapter 7-INFLATION Worksheet 1. Calculate the CPI for the following hypothetical simple Economy. Products in Consumers' Market Basket Hamburgers Gallons of Gas Jeans Quantity Purchased 50 250 2 1982 Price $0.80 $0.70 $15 2018 Price $2 $2.5 $30

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Chapter1: Making Economics Decisions

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Principles of Macroeconomics
Chapter 7-INFLATION Worksheet
1. Calculate the CPI for the following hypothetical simple Economy.
Products in Consumers'
Market Basket
Hamburgers
Gallons of Gas
Jeans
Quantity
Purchased
50
250
2
1982 Price
$0.80
$0.70
$15
2018 Price
$2
$2.5
$30
es

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