Multiple Choice
Suppose an economy has only three goods and the typical family purchases the amounts given in the following table. If 2012 is the base year, then what is the CPI for 2017?
A) 220
B) 208
C) 40.08
D) 100
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: The inflation rate measures the percentage increase
Q60: What is the difference between the nominal
Q100: 'Cost-push inflation' is characterised by:<br>A)very high levels
Q101: Assume that the CPI in 2018 was
Q102: Which of the following can cause demand-pull
Q103: What is the broadest measure of the
Q105: The nominal interest rate will be less
Q106: What does the producer price index (PPI)measure?<br>A)The
Q109: The most widely used measure of inflation
Q110: People who have borrowed money from banks