Principles Of Macroeconomics

8. (ConsumerPriceIndex)Calculateanewconsumerpriceindexforthedatainthefollowing exhibit.,fueloil,andcableTVare

$0.95/package, $1.25/gallon,and$15.00/month,respectively.Calculatethecurrentyear’scoastofthemarket basket and the value of the current year’s price index. What is this year’s percentage changein the to the baseyear?

Currentcostofthemarketbasket=

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a.Twinkies-

b.FuelOil-

c.CableTV-

d.Percentagechange-

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