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The Table Below Shows Hypothetical Data for Volumes of E-

Question 30

Multiple Choice

The table below shows hypothetical data for volumes of e- books and hardcover books sold over a 3- year period in a particular city.  E- books  Hardcover Books  Year 1 2300072000 Year 2 5200059000 Year 3 10600031000\begin{array} { | c | c | c | } \hline & \text { E- books } & \text { Hardcover Books } \\\hline \text { Year 1 } & 23000 & 72000 \\\hline \text { Year 2 } & 52000 & 59000 \\\hline \text { Year 3 } & 106000 & 31000 \\\hline\end{array} TABLE 2- 3
-For a given year,an index number of average prices across the economy (such as the Consumer Price Index) is the ratio of the


A) weighted prices of a typical bundle of goods purchased in a given year to that in the base year.
B) weighted prices of a typical bundle of goods purchased in the base year to that in the given year.
C) price of several goods in the given year to that in the base year.
D) average price of several goods in the base year to that in the given year.
E) average price of all goods in the given year to that in the base year.

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