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Table 20-11 -Refer to Table 20-11

Question 187

Multiple Choice

Table 20-11
 Product  Quantity (2011)  Price (2011)  Expenditure (2011)  Price (2016)  Expenditure (on  base year  quantities)  (2016)   Hair cuts 6$50$300$70$420 Backpacks 42510030120 Tacos 10011005500 Total $500$1,040\begin{array} { | l | c | c | c | r | 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 { Hair cuts } & 6 & \$ 50 & \$ 300 & \$ 70 & \$ 420 \\\hline \text { Backpacks } & 4 & 25 & 100 & 30 & 120 \\\hline \text { Tacos } & 100 & 1 & 100 & 5 & 500 \\\hline \text { Total } & & & \$ 500 & & \$ 1 , \mathbf { 0 4 0 } \\\hline\end{array}
-Refer to Table 20-11.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) 40.08
B) 100
C) 180
D) 208

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