Multiple Choice
Table 9-11
-Refer to Table 9-11.Suppose an economy has only three goods and the typical family purchases the amounts given in the table above.If 2011 is the base year,then what is the CPI for 2016?
A) 40.08
B) 100
C) 180
D) 208
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q69: The nominal interest rate plus the inflation
Q92: Which of the following is true about
Q134: The deflation of the 1930s impacted the
Q138: The real interest rate equals the nominal
Q161: During the 1990s,Japan experienced periods of deflation
Q178: If the CPI falls from 142 to
Q194: If the number of unemployed workers is
Q261: The most widely used measure of inflation
Q266: The average price of goods and services
Q270: If inflation is completely anticipated<br>A)no one loses