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    Exam 16: The Consumer Price Index and Government Statistics
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    The Average Price of a Pound of Bananas Was 36
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The Average Price of a Pound of Bananas Was 36

Question 13

Question 13

Multiple Choice

The average price of a pound of bananas was 36.2 cents in 1981 and 59.0 cents in 2016. What is the bananas index number (1981 = 100) for 2016?


A) 1.63
B) 1.63 cents
C) 22.8 cents
D) 62.9
E) 162.9

Correct Answer:

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