6 Table 6.3YearPrice of pens ($) Quantity ofpens (in units)Price of staplers Quantity ofstaplers (inunits)(S)2016150034020171.14907.534220181.154887.633820191.2470832020201.148510280Refer to table 6.3. The residents of Stationery World purchase pens andstaplers from the year 2016 to 2020. If the base year is 2018, what is theCPI for the year 2019? Round your final answer to 1 decimal place.

The consumer price index (CPI) is the instrument to quantify expansion. It is utilized to appraise…

Year Price of pens ($) Quantity of pens (in units) Price of staplers Quantity of staplers (in units) 340 (S) 2016 500 2017 1.1 490 7.5 342 2018 1.15 488 7.6 338 2019 2020 1.2 470 8. 320 1.1 485 10 280 Refer to table 6.3. The residents of Stationery World purchase pens and staplers from the year 2016 to 2020. If the base year is 2018, what is th CPI for the year 2019? Round your final answer to 1 decimal place.

Year Price of pens ($) Quantity of pens (in units) Price of staplers Quantity of staplers (in units) 340 (S) 2016 500 2017 1.1 490 7.5 342 2018 1.15 488 7.6 338 2019 2020 1.2 470 8. 320 1.1 485 10 280 Refer to table 6.3. The residents of Stationery World purchase pens and staplers from the year 2016 to 2020. If the base year is 2018, what is th CPI for the year 2019? Round your final answer to 1 decimal place.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 20AA

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Question

Table 6.3
Year
Price of pens ($) Quantity of
pens (in units)
Price of staplers Quantity of
staplers (in
units)
(S)
2016
1
500
340
2017
1.1
490
7.5
342
2018
1.15
488
7.6
338
2019
1.2
470
8
320
2020
1.1
485
10
280
Refer to table 6.3. The residents of Stationery World purchase pens and
staplers from the year 2016 to 2020. If the base year is 2018, what is the
CPI for the year 2019? Round your final answer to 1 decimal place.

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