Refer to Table 22.5. If 2014 is the base year, the consumer price index in 2013 is 0.893. 0.96. 1.04. 1.119.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Question 4
Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
Price per Unit in
2014 2015
$2.00
Units Purchased
2013
$2.00
$2.00
$2.50
2016
$2.10 $2.40
$2.50
$3.50 $4.00
Blueberries
8
Pineapples
$2.50
$3.00
Cheese
3
$3.00
Refer to Table 22.5. If 2014 is the base year, the consumer price index in 2013 is
0.893.
0.96.
1.04.
1.119.
Transcribed Image Text:A Moving to another question will save this response. Question 4 Refer to the information provided in Table 22.5 below to answer the question(s) that follow. Table 22.5 Price per Unit in 2014 2015 $2.00 Units Purchased 2013 $2.00 $2.00 $2.50 2016 $2.10 $2.40 $2.50 $3.50 $4.00 Blueberries 8 Pineapples $2.50 $3.00 Cheese 3 $3.00 Refer to Table 22.5. If 2014 is the base year, the consumer price index in 2013 is 0.893. 0.96. 1.04. 1.119.
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