# 1. Assume the value of a market basket for a given year is $550 and the same basket in the base year was$500. Calculate the CPI. 2. If the CPI for a given year is 90 then the change in prices between that year and the base year is 3. Fill in the blanks in the chart below. Start with 2009 as the base year then recalculate with 2010 as the base year.

###### Question:

1. Assume the value of a market basket for a given year is $550 and the same basket in the base year was$500. Calculate the CPI. 2. If the CPI for a given year is 90 then the change in prices between that year and the base year is 3. Fill in the blanks in the chart below. Start with 2009 as the base year then recalculate with 2010 as the base year.

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