Econ HW
freedom
consumer_price_index_-_hw2.xlsxCPI Calculation
| The following table shows the prices (P) and quantities (Q) of the three goods consumed by average households in a small country for three years. The base year is 1984. You will calculate the consumer price indices for these three years. In Canvas, enter your numbers without dollar signs, decimal places, or commas. | ||||||||||||
| Year | Good 1 | Good 2 | Good 3 | |||||||||
| P | Q | P | Q | P | Q | |||||||
| 1984 | $20.00 | 2 | 40 | $30.00 | 5 | 150 | $10.00 | 6 | 60 | 250 | ||
| 2006 | $40.00 | 4 | 160 | $60.00 | 7 | 420 | $20.00 | 8 | 160 | 740 | ||
| 2015 | $51.00 | 4 | 204 | $72.00 | 7 | 504 | $23.00 | 8 | 184 | 892 | ||
