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-The CPI Basket Contains 400 Oranges and 800 Pens

Question 40

Multiple Choice

-The CPI basket contains 400 oranges and 800 pens. In the base year, the price of an orange is $1.00 and the price of a pen is $0.75. This year, urban consumers each buy 300 oranges at $2.00 each and 850 pens at $1.00 each. The CPI this year is . A) 62.5 B) 160 C) 1.60 D) 140
-The CPI basket contains 400 oranges and 800 pens. In the base year, the price of an orange is $1.00 and the price of a pen is $0.75. This year, urban consumers each buy 300 oranges at $2.00 each and 850 pens at $1.00 each. The CPI this year is .


A) 62.5
B) 160
C) 1.60
D) 140

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