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The CPI Basket of Econoland Consists of 10 Units of A

Question 97

Multiple Choice

The CPI basket of Econoland consists of 10 units of A, 20 units of B, and 30 units of C.Current prices are $1 per unit of A, $2 per unit of B, and $3 per unit of C.Base- year prices are $1 for each unit of A, B, and C.What is the CPI in the current year?


A) 430
B) 43
C) 140
D) 233
E) 100

Correct Answer:

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