Fr can y’all help me stop taking my points

Mathematics

1 answer:

lisov135 [29]2 years ago

8 0

Original area should be 35 the new area I believe is 1260 and the area is multiplied by 36 but that seems off so my other guess would be the new area is 210 and it’s being multiplied by 6

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The prices of consumer goods do not always exactly follow the CPI. The following chart shows several consumer items, along with

zloy xaker [14]

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,

$\rm CPI_t=\dfrac{C_t}{C_0}\times 100$

Here $\rm C_t$ is the cost of market basket in current period and $\rm C_0$ is the cost of market basket in the base period.

Cost of market basket in current period is

$\rm C_t=15.66+119.75+23.99+37.50\\\\C_t=196.9$

Cost of market basket in 1983 is,

$\rm C_0=8.85+71.25+13.95+22.7\\\\C_0=116.8$

Substitute all the values in the formula

$\rm CPI_t=\dfrac{C_t}{C_0}\times 100\\\\\rm CPI_t=\dfrac{196.9}{116.8}\times 100\\\\\rm CPI_t=1.685\times 100 \\\\ CPI_t=168.5\\\\\rm CPI_t= 170 \ \rm approx$