Question : 51) The data in the table above shows the consumption : 1240940

 

 

51) The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The CPI in 2011 is

A) 100.

B) 94.2.

C) 106.2.

D) 124.

E) 140.5.

52) The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The CPI in 2012 is

A) 100.

B) 118.8

C) 123.1

D) 23.1

E) 18.8

 

53) The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The inflation rate between 2011 and 2012 is

A) 52.5 percent.

B) 123.1 percent.

C) 23.1 percent.

D) 18.8 percent.

E) 118.8 percent.

 

 

54) Consumers in a country buy only two goods, pens and CDs. The prices and quantities purchased by urban households are in the table above. If 2011 is the reference base year, the cost of the CPI market basket in the base year is

A) $3,400.

B) $3,408.

C) $3,580.

D) $3,508.

E) $3,500.

55) Consumers in a country buy only two goods, pens and CDs. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. If the current year is 2012, the cost of the CPI market basket in 2012 is

A) $3,400.

B) $3,588.

C) $3,580.

D) $3,508.

E) $3,500.

 

 

56) Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. For these data, the CPI for 2012 is

A) 145.

B) 100.

C) 160.

D) 10.

E) 110.

 

57) Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. For these data, the CPI for 2011 is

A) 3.

B) 100.

C) 160.

D) 110.

E) 145.

58) Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. The inflation rate between 2011 and 2012 is

A) $15.

B) 15.0 percent.

C) $10.

D) 10.3 percent.

E) 9.0 percent.

 

 

Item

Quantity (2013)

Price (2013)

Quantity (2014)

Price (2014)

Magazines

400

$5.00

450

$4.50

Movie tickets

50

$6.00

200

$8.00

Pizzas

100

$10.00

120

$10.50

 

The data in the table above shows the consumption by families in an economy. The year 2013 is the reference base period.

 

59) Based on the table above, the cost of the base period market basket in the base period is

A) $3,300.

B) $21.00.

C) $3,250.

D) $4,650.

E) $4,885.

 

60) The information in the above table gives the 2000 base period market basket and prices used to construct the CPI for a small nation. The table also has 2010 prices. What is the value of the CPI for the base period 2000?

A) 140

B) 133

C) 100

D) 75

E) 30