Solved

-Refer to the Table in the Exhibit

Question 91

Multiple Choice

 Product  Quantity in  market basket  (no.)   Price in  base year ($)  Price in  current year ($)  Bread 101.001.50 Milk 51.002.00 Chewing gum 500.200.50\begin{array} { l c c c } \hline \text { Product } & \begin{array} { c } \text { Quantity in } \\\text { market basket } \\\text { (no.) }\end{array} & \begin{array} { c } \text { Price in } \\\text { base year } \\( \$ ) \end{array} & \begin{array} { c } \text { Price in } \\\text { current year } \\( \$ ) \end{array} \\\hline \text { Bread } & 10 & 1.00 & 1.50 \\\text { Milk } & 5 & 1.00 & 2.00 \\\text { Chewing gum } & 50 & 0.20 & 0.50 \\\hline\end{array}
-Refer to the table in the exhibit.What is the consumer price index in the current year?  


A)  50 
B)  55 
C)  182 
D)  200

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions