Multiple Choice
The table shows the prices and the quantities consumed in Carnivore Country. The base year is 2013. This means that 2013 is the year the typical basket was determined so the quantities consumed in 2013 are the only quantities needed to calculate the CPI in each year. ?
Refer to the table above. What is the value of the basket in the base year?
A) €55
B) €300
C) €333
D) €418.75
E) €459.25
Correct Answer:

Verified
Correct Answer:
Verified
Q36: The CPI is used to<br>A) Convert nominal
Q37: Suppose you spend 30 per cent of
Q38: Since the global financial crisis in 2007-09,
Q39: Which of the following would probably cause
Q40: How does the GDP deflator differ from
Q43: If you borrow money at a nominal
Q44: If the nominal interest rate is 12
Q45: It is impossible for real interest rates
Q46: In 2012, the CPI was 124.0 in
Q182: Which is likely to have the larger