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The Table Shows the Prices and the Quantities Consumed in Carnivore

Question 38

Multiple Choice

The table shows the prices and the quantities consumed in Carnivore Country. The base year is 2013. This means that 2013 is the year the typical basket was determined so the quantities consumed in 2013 are the only quantities needed to calculate the CPI in each year. ?

 Table  Year  Price of  beef  Quantity of  beef  Price of  pork  Quantity of  pork 20132.001001.0010020142.50900.9012020152.751051.00130\begin{array}{l}\text { Table }\\\begin{array}{|c|c|c|c|c|}\hline \text { Year } & \begin{array}{c}\text { Price of } \\\text { beef }\end{array} & \begin{array}{c}\text { Quantity of } \\\text { beef }\end{array} & \begin{array}{c}\text { Price of } \\\text { pork }\end{array} & \begin{array}{c}\text { Quantity of } \\\text { pork }\end{array} \\\hline 2013 & € 2.00 & 100 & € 1.00 & 100 \\\hline 2014 & 2.50 & 90 & 0.90 & 120 \\\hline 2015 & 2.75 & 105 & 1.00 & 130 \\\hline\end{array}\end{array}
Refer to the table above. What is the value of the basket in the base year?


A) €55
B) €300
C) €333
D) €418.75
E) €459.25

Correct Answer:

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