Question

The people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought in 2015. The average household spent $34 on juice and $24 on cloth in 2015 when the price of juice was $2 a bottle and the price of cloth was $8 a yard. In the current​ year, 2016, juice is $4 a bottle and cloth is $7 a yard. CPI in 2016 was ______. Round up your answer to a full number. The inflation rate in 2016 was ______ percent.

Answer 1

The people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought in 2015. The average household spent $34 on juice and $24 on cloth in 2015 when the price of juice was $2 a bottle and the price of cloth was $8 a yard. In the current​ year, 2011, juice is $3 a bottle and cloth is $6 a yard. CPI in 2011 was ___119___. Round up your answer to a full number. The inflation rate in 2011 was ____19__ percent. Round up your answer to a full number.

Step-by-step explanation: