Multiple Choice
A market basket is made up of three goods,10X,12Y,and 18Z.The prices in the base year are $1.20,$2.10,and $3.25,respectively.The prices in the current year are $1.44,$2.23,and $3.88.What is the approximate consumer price index in the current year?
A) 103
B) 111
C) 116
D) 110
E) 96
Correct Answer:
Verified
Correct Answer:
Verified
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