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The Table Below Shows the Current and Base-Year Prices of Different

Question 74

Multiple Choice

The table below shows the current and base-year prices of different goods in a market basket.
The consumer price index (CPI) for the current year is _____.
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Table 6.2
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 Product  Quantity in  market basket  Price in  base year ($)  Price in  current year ($)  Bread 101.001.50 Milk 51.002.00 Gum 500.200.50\begin{array} { c c c c } \text { Product } & \begin{array} { c } \text { Quantity in } \\\text { market basket }\end{array} & \begin{array} { c } \text { Price in } \\\text { base year } ( \$ ) \end{array} & \begin{array} { c } \text { Price in } \\\text { current year } ( \$ ) \end{array} \\\hline \text { Bread } & 10 & 1.00 & 1.50 \\\text { Milk } & 5 & 1.00 & 2.00 \\\text { Gum } & 50 & 0.20 & 0.50\end{array}
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A) 2
B) 50
C) 55
D) 182
E) 200

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