-If 2003 Is the Reference Base Period, What Is the |

Multiple Choice

$$\begin{array} { | l | l | l | l | } \hline & \begin{array} { l } \text { CPI basket } \\\text { quantity }\end{array} & 2003 \text { price } & 2011 \text { price } \\\hline \text { DVDs } & 10 \text { discs } & \$ 16 \text { per disc } & \$ 12 \text { per dis } \\\hline \begin{array} { l } \text { Bottled } \\\text { water }\end{array} & 200 \text { bottles } & \$ 1.00 \text { per bottle } & \$ 1.25 \text { per bottle } \\\hline\end{array}$$
-If 2003 is the reference base period, what is the price index for the CPI basket of goods for 2011 in the above table?

A) 102.8
B) 128.0
C) 97.3
D) zero because the price of CDs fell and the price of water increased