which of the following is a reasonable estimate of the current CPI?

Anonymous
timer Asked: Nov 28th, 2016

Question description

The prices of consumer goods do not always exactly follow the CPI. The following chart shows several consumer items, along with their respective prices in 1983 and today.

Item

Price in 1983 ($)

Current Price ($)

Pair of boots

67.45

126.85

Hair dryer

15.25

29.95

Box of tissues

1.15

2.25

Toaster

22.85

44.25




Using the prices shown on this chart, which of the following is a reasonable estimate of the current CPI?

a.

208

b.

195

c.

180

d.

173

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