Multiple Choice
Table 6-5
This table pertains to an economy with only two goods: books and calculators.The fixed basket consists of 5 books and 10 calculators.
-Refer to the Table 6-5.Using 2014 as the base year,what is the consumer price index in 2015?
A) 74.07
B) 77.78
C) 78.22
D) 135.00
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: From one year to the next, the
Q12: In recent years, there have been increases
Q51: Welfare payments are indexed for inflation using
Q51: Suppose that increases in the prices of
Q53: In 1954,Canadian Prime Minister Louis Stephen St.Laurent
Q67: Which of the following is the consumer
Q93: What is the basket of goods used
Q121: How are the weights on the various
Q130: In 1964 in London, Ontario, one could
Q134: The price index in the first year