Respuesta :
Answer:
c. The value of CPI in 2006 is 105.
Explanation:
The CPI or consumer price index is used to calculate and trace the inflation in an economy by taking a selected basket of goods and tracking the changes in their prices overtime.
The base year is assigned a value of 100 and changes are measured from this year. The base year price os basket was 52 and the value of base year is 100.
The value of CPI in 2006 is = (54.6 / 52) *100 = 105
Answer:
C. 105.0
Explanation:
Given that
In 2002, basket cost = 50
In 2004, basket cost = 52
In 2006, basket cost = 54.6
Value of CPI in 2006 = (Cost of basket in 2006/cost of basket in 2004) × 100
= (54.6/52) × 100
= 1.05 × 100
= 105
Therefore, consumer price index in 2006 is 105.0
Note that, CPI measures changes in price of weighted average market basket of goods purchased by consumers or households in an economy.