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Suppose the Market Basket Consists of 100X,200Y,and 300Z

Question 82

Multiple Choice

Suppose the market basket consists of 100X,200Y,and 300Z.Current-year prices are $5 for each unit of X,$2 for each unit of Y,and $3 for each unit of Z.Base-year prices are $2 for each unit of X,Y,and Z.What is the approximate CPI in the current year?


A) 15
B) 70.20
C) 1,200
D) 150

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