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The Data in the Table Above Shows the Consumption by Item

Question 73

Multiple Choice

 Item  Quantity (2011)  Price (2011)  Price (2012)  Salt 2$1.00$2.00 Bread 20$2.50$3.00\begin{array} { l c c c } \hline \text { Item } & \begin{array} { c } \text { Quantity } \\\mathbf { ( 2 0 1 1 ) }\end{array} & \begin{array} { c } \text { Price } \\\mathbf { ( 2 0 1 1 ) }\end{array} & \begin{array} { c } \text { Price } \\\mathbf { ( 2 0 1 2 ) }\end{array} \\\hline \text { Salt } & 2 & \$ 1.00 & \$ 2.00 \\\text { Bread } & 20 & \$ 2.50 & \$ 3.00 \\\hline\end{array}
The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011.
-The cost of the CPI market basket in 2011 is


A) $64.00.
B) $52.00.
C) $3.50.
D) $5.00.
E) 100.

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