Consumers in a country buy only two goods, pens and CDs. The prices and quantities purchased by urban households are in the table above.
-If 2011 is the reference base year, the cost of the CPI market basket in the base year is
A) $3,508.
B) $3,500.
C) $3,408.
D) $3,400.
E) $3,580.
Correct Answer:
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A)is a near
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