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Table 20-10 -Refer to Table 20-10

Question 4

Multiple Choice

Table 20-10
 Product  Quantity (2011)  Price (2011)  Expenditure (2011)  Price (2016)  Expenditure (on  base year  quantities)  (2016)   Computers 1$1,200$1,200$900$900 Books 102525030300 Burgers 5031504200 Total $1,6001,400\begin{array} { | l | c | c | c | c | c | } \hline \text { Product } & \begin{array} { c } \text { Quantity } \\( \mathbf { 2 0 1 1 ) }\end{array} & \begin{array} { c } \text { Price } \\( \mathbf { 2 0 1 1 ) }\end{array} & \begin{array} { c } \text { Expenditure } \\( \mathbf { 2 0 1 1 ) }\end{array} & \begin{array} { c } \text { Price } \\( \mathbf { 2 0 1 6 ) }\end{array} & \begin{array} { c } \text { Expenditure (on } \\\text { base year } \\\text { quantities) (2016) }\end{array} \\\hline \text { Computers } & 1 & \$ 1,200 & \$ 1,200 & \$ 900 & \$ 900 \\\hline \text { Books } & 10 & 25 & 250 & 30 & 300 \\\hline \text { Burgers } & 50 & 3 & 150 & 4 & 200 \\\hline \text { Total } & & & \$ 1 , \mathbf { 6 0 0 } & & \mathbf { 1 , 4 0 0 } \\\hline\end{array}
-Refer to Table 20-10.Suppose an economy has only three goods and the typical family purchases the amounts given in the table above.If 2011 is the base year,then what is the CPI for 2016?


A) 14.3
B) 87.5
C) 114.3
D) 160

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