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Question 15 of 15 >
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Correct
Use the information in the table to calculate a consumer price index (CPT) and the inflation rate. The base year is 1975.
answers to two decimal places.
Market basket Quantity 1975 prices 1976 prices

A dozen eggs
22
$0.70
$1.10
Calculator
14
$12.50
$15.00
Microwave oven
3
$150.00
$180.00
096
What is the CPI for 1975?
10096
Correct
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Correct
What is the CPI for 1976?
What is the inflation rate for 1976

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