Homework Help: economics

Posted by Dee on Monday, February 4, 2008 at 6:59pm.

Find the CPI for 2006(2005 is the base year; and 2005 as the fixed basket of goods for each year. also 2005 CPI=100)

2006 has price of $2 for 150 quantity of socks and $3 for 100 quantity of gloves.

economics - economyst, Tuesday, February 5, 2008 at 9:23am
You have not provided enough information to calculate the CPI. You need the price and quantity of every good in the fixed basket in 2005. You have only provided price and quantity in 2006.

Answer this Question

Related Questions

economics - Find the CPI for each year(2005 is he base year;and take 2005 as the...
Economics - Help The answer i got is : GDP grew 10% GDP for 2006 using 2005 as ...
Economics - The answer i got is : GDP grew 10% GDP for 2006 using 2005 as the ...
Economics - Claculate REAL GDP GROSS DOMESTIC PRODUCT for each year (2005=100) ...
Economics(Please respond, thank you) - The table below shows the market basket ...
maths - The data in table below gives marks for an exam of a particular tutors ...
Ecomonics(Urgent,please respond) - The table below shows the market basket ...
Math - The attendance at the Harmony School carnival has shown a range of 200 ...
accounting - Assume that Hickory Copany has the following data related to its ...
Economics - Suppose that the residents of Vegopia spend all of their income on ...

For Further Reading

First Name:
School Subject:
Answer: