HELP CHOSE 2 ANSWER READ PICTURE
2 answers:
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Answer:
Step-by-step explanation:
Let 's' be the side of the original square
the length of the side of a square is doubled, so the length of the new square is 2s
Area of the original square with side length 's' is
Area of the new square with side length '2s' is
Area of the new square is 4 times the area of the original square
ratio of the areas of the original square to the area of the new square
The reasonable estimate of the current customer price index is 195. The option B is the correct option.
<h3>Customer price index</h3>Customer price index is the price index which measures the weight average of price of basket of customers goods or services.
It can be given as,
Here is the cost of market basket in current period and
is the cost of market basket in the base period.
Cost of market basket in current period is
Cost of market basket in 1983 is,
Substitute all the values in the formula
Thus the value of current CPI is 168.5 which is near about the 170.
Hence, the reasonable estimate of the current customer price index is 195. The option B is the correct option.
Learn more about the customer price index here;