Question-

The following table shows the cost of a consumer market basket over a six year period.

Year Cost
1 11,000

2 11,330

3 11,738

4 12,207

5 12,659

6 13,178

1. Suppose that Year 1 is the base year. The CPI for Year 4 (to one decimal place) is:

a. 96.2

b. 106.7

c. 111.0

d. 115.1

e. 119.8

2. Suppose that Year 6 is the base year. The CPI for Year 4 (to one decimal place) is:

a. 89.4

b. 92.6

c. 95.7

d. 97.8

e. 100.0