The table below shows the cost of a fixed basket of goods, Business Economics

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The table below shows the cost of a fixed basket of goods

The table below shows the cost of a fixed basket of goods that a typical urban consumer would buy in the economy of Kindleberger, where the base period for the consumer price index (CPI) is the year 2000. The year for which you are determine the CPI is considered the current year. Please specify your answers to two decimal places

Year Cost of a basket of goods

2000 $8,150.00

2011 $6,500.00

2012 $4,725.00

1. What is the CPI for 2000?

2. What is the CPI for 2011?

3. What is the CPI for 2012?

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Business Economics: The table below shows the cost of a fixed basket of goods

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Business Economics: The table below shows the cost of a fixed basket of goods

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