Question 17 2011 Product Quantity Price Meat Potatoes 200 133.3 O 93.0 O 143.3 120 150 2006 O 91.7 $10 $6 Quantity Price Refer to the above table. Assume the market basket for the consumer price index has two products - meat and potatoes - with the given values for price and quantity. Also assume 2006 is the base year. The Consumer Price Index for 2011 equals 100 200 $12 $10

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Question 17
2011
Product Quantity Price
Meat
Potatoes 200
133.3
O 93.0
O 143.3
120
150
2006
O 91.7
$10
$6
Quantity Price
Refer to the above table. Assume the market basket for
the consumer price index has two products - meat and
potatoes - with the given values for price and quantity.
Also assume 2006 is the base year. The Consumer Price
Index for 2011 equals
100
200
$12
$10
Transcribed Image Text:Question 17 2011 Product Quantity Price Meat Potatoes 200 133.3 O 93.0 O 143.3 120 150 2006 O 91.7 $10 $6 Quantity Price Refer to the above table. Assume the market basket for the consumer price index has two products - meat and potatoes - with the given values for price and quantity. Also assume 2006 is the base year. The Consumer Price Index for 2011 equals 100 200 $12 $10
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