Assume the market basket for the consumer price index has two products, Pizza and Water, with the following values in 20
Posted: Thu May 19, 2022 9:55 am
Assume the market basket for the consumer price index has two products, Pizza and Water, with the following values in 2009 and 2017 for price and quantity. 2017 Base Year (2009) Product Quantity Price Pizza 500 10.00 Water 2.00 The Consumer Price Index for 2017 equals Price 15.00 3.00 1000 133.3 150 166.67 80