Suppose an economy has only three goods and the typical family purchases the amounts given in the following table. If 2000 is the base year, then what is the CPI for 2008?
Goods Quantity Price (2000) Price (2008)
Hair cuts 6 $50 $70
Backpacks 4 $25 $30
Tacos 100 $1 $5
200
180
100
208
