<p>The next sentence of the question instructs you to ignore the "700 goods and services" and focus only on meat and movie tickets.</p>

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2020-06-04T07:04:23.430Z
2020-06-04T07:04:23.430Z
Giskard
<p>The question is <a href="https://i.sstatic.net/NyYet.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/NyYet.png" alt="enter image description here"></a></p>

<p>I know how to calculate CPI in the sense without " a basket of 700 goods and services". How does adding this info change my calculation? I only know CPI= (the price of basket of goods in a year/ price of basket in a base year)X100. So in 2010, it will be ((2x5)/7)X100=100. </p>

<p>Thank you for your answer. I've just begun self-taught economics. </p>

<macroeconomics>
Calculating CPI
geg
# Calculating CPI

(Asked by: username_0 on 2020-06-03)

The question is [![enter image description here](https://i.sstatic.net/NyYet.png)](https://i.sstatic.net/NyYet.png)

I know how to calculate CPI in the sense without " a basket of 700 goods and services". How does adding this info change my calculation? I only know CPI= (the price of basket of goods in a year/ price of basket in a base year)X100. So in 2010, it will be ((2x5)/7)X100=100.

Thank you for your answer. I've just begun self-taught economics.

**Tags:** macroeconomics

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## 1 answers

### Answer by username_1 on 2020-06-04. Score: 2

The next sentence of the question instructs you to ignore the "700 goods and services" and focus only on meat and movie tickets.


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