Table 24-4 The Table Below Pertains to an Economy with Only Two

Multiple Choice

Table 24-4
The table below pertains to an economy with only two goods -- books and calculators. The fixed basket consists of 5 books and 10 calculators.

-Refer to Table 24-4.Using 2007 as the base year,the consumer price index is

A) 78.22 in 2006, 100 in 2007, and 121.10 in 2008.
B) 74.07 in 2006, 100 in 2007, and 114.81 in 2008.
C) 100 in 2006, 135 in 2007, and 155 in 2008.
D) 200 in 2006, 270 in 2007, and 310 in 2008.