The table shows the quantities of the goods Suzie bought and the prices she paid during two consecutive weeks. Suzie's CPI market basket contains the goods she bought in Week 1. Calculate the cost of Suzie's CPI market basket in Week 1 and in Week 2 What percentage of the CPI market basket is gasoline? Diatoni Walent Week 1 Hem Coffee Books Gasoline Week 2 Item Coffee Quantity 15 cups 1 20 gallons Quantity 15 cups Price $2.25 a cup $25.00 each $2.25 a gallon Price $2.25 a cup (+353 Bach

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The table shows the quantities of the goods Suzie bought and the prices she paid
during two consecutive weeks
Suzie's CPI market basket contains the goods she bought in Week 1.
Calculate the cost of Suzie's CPI market basket in Week 1 and in Week 2
What percentage of the CPI market basket is gasoline?
Caledets th
Simiala inte
has indutin na nat
Week 1
Item
Coffee
Books
Gasoline
Week 2
Hem
Coffee
Banke
Quantity
15 cups
1
20 gallons
Quantity
15 cups
2
Price
$2.25 a cup
$25.00 each
$2.25 a gallon
Price
$2.25 a cup
€1350 wach
Transcribed Image Text:The table shows the quantities of the goods Suzie bought and the prices she paid during two consecutive weeks Suzie's CPI market basket contains the goods she bought in Week 1. Calculate the cost of Suzie's CPI market basket in Week 1 and in Week 2 What percentage of the CPI market basket is gasoline? Caledets th Simiala inte has indutin na nat Week 1 Item Coffee Books Gasoline Week 2 Hem Coffee Banke Quantity 15 cups 1 20 gallons Quantity 15 cups 2 Price $2.25 a cup $25.00 each $2.25 a gallon Price $2.25 a cup €1350 wach
Suzie's CPI market basket contains the goods she bought in Week 1.
Calculate the cost of Suzie's CPI market basket in Week 1 and in Week 2
What percentage of the CPI market basket is gasoline?
Calculate the value of Suzie's CPI in Week 2 and her inflation rate in week 2.
LIVE
Books
Gasoline
Week 2
Item
Coffee
Books
Gasoline
Concert
socupa
1
20 galons
Quantity
15 cups
3
10 gallons
1 ticket
24.40
$25.00 each
$2.25 a gallon
Price
$2.25 a cup
$12.50 each
$2.75 a gallon
$95 each
Transcribed Image Text:Suzie's CPI market basket contains the goods she bought in Week 1. Calculate the cost of Suzie's CPI market basket in Week 1 and in Week 2 What percentage of the CPI market basket is gasoline? Calculate the value of Suzie's CPI in Week 2 and her inflation rate in week 2. LIVE Books Gasoline Week 2 Item Coffee Books Gasoline Concert socupa 1 20 galons Quantity 15 cups 3 10 gallons 1 ticket 24.40 $25.00 each $2.25 a gallon Price $2.25 a cup $12.50 each $2.75 a gallon $95 each
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