Multiple Choice
The fixed basket of Econoland consists of 10 units of A, 20 units of B, and 30 units of C. Current prices are $1 per unit of A, $2 per unit of B, and $3 per unit of C. Base year prices are $1 for each unit of A, B, and C. What is the CPI in the current year?
A) 43
B) 100
C) 233
D) 430
E) 140
Correct Answer:
Verified
Correct Answer:
Verified
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