Using the Table Below, Compute the Consumer Price Index CPI)

Essay

Using the table below, compute the consumer price index CPI) in 2007 using 2006 as the base year. Show all your work.
$$\begin{array} { l l r l r l } \hline \text { Good } & \text { Quantity } & \text { Price } & \begin{array} { l } \text { 2006 Total } \\\text { Expenditure }\end{array} & \text { Price } & \begin{array} { l } \text { 2007 Total } \\\text { Expenditure }\end{array} \\\hline \text { Bagels } & 100 & \$ 1.00 & & \$ 1.50 & \\\text { Shoes } & 10 & \$ 45.00 & & \$ 50.00 & \\\text { DVDs } & 20 & \$ 10.00 & & \$ 12.00 & \\\hline\end{array}$$