Solved

The Table Shows the Prices and the Quantities Consumed in Carnivore

Question 23

Multiple Choice

The table shows the prices and the quantities consumed in Carnivore Country.The base year is 2013.This means that 2013 is the year the typical basket was determined so the quantities consumed in 2013 are the only quantities needed to calculate the CPI in each year.
Table
 Year  Price of  beef  Quartity of  beef  Price of  pork  Quartity of  pork 2013 R38 100 R19 1002014 R47.50 90 R.7.10 1202015 R52.25 105 R19 130\begin{array} { | c | c | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Price of } \\\text { beef }\end{array} & \begin{array} { c } \text { Quartity of } \\\text { beef }\end{array} & \begin{array} { c } \text { Price of } \\\text { pork }\end{array} & \begin{array} { c } \text { Quartity of } \\\text { pork }\end{array} \\\hline 2013 & \text { R38 } & 100 & \text { R19 } & 100 \\\hline 2014 & \text { R47.50 } & 90 & \text { R.7.10 } & 120 \\\hline 2015 & \text { R52.25 } & 105 & \text { R19 } & 130 \\\hline\end{array}
-Refer to the table above.What is the value of the basket in the base year?


A) R1045
B) R5700
C) R6327
D) R7956.25
E) R8725.75

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions