Suppose That a Market Basket Used to Construct a University

Multiple Choice

Suppose that a market basket used to construct a university student price index (USPI) consists of 4 textbooks and 100 gallons of gasoline. In 2018, the base year, textbooks cost $100 each, and gasoline costs $2 per gallon. In 2019, textbooks still cost $100 each, and gasoline costs $4 per gallon. The USPI for 2019 is:

A) 200.33.
B) 200.33
C) 116.67
D) 116.67.
E) 150.25
F) 150.25.
G) 16.67
H) 16.67.