The monthly market basket for consumers consists of​ pizza, t-shirts, and rent.   The table below shows market basket quantities and prices for the base year​ (Year 1) and in the following year. Product Base Year​ (Year 1) Quantity Price in the Base Year Price in Year 2 Pizza 25 ​$2.00 ​$2.50 ​T-Shirts 4 ​$10.00 ​$9.00 Rent 1 ​$450.00 ​$495.00 In Year​ 1, the CPI for the economy is nothing. ​(Round both answers to one decimal place.​) In Year​ 2, the CPI for this economy is nothing.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The monthly market basket for consumers consists of​ pizza, t-shirts, and rent.  
 
The table below shows market basket quantities and prices for the base year​ (Year 1) and in the following year.
 
 
Product
Base Year​ (Year 1)
Quantity
Price in the
Base Year
Price in
Year 2
Pizza
25
​$2.00
​$2.50
​T-Shirts
4
​$10.00
​$9.00
Rent
1
​$450.00
​$495.00
 
In Year​ 1, the CPI for the economy is
nothing.
​(Round
both answers to one decimal
place.​)
In Year​ 2, the CPI for this economy is
nothing.
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