Table 24-15
The following table shows the prices of good X and good Y for 2013-2015. In addition, assume the basket of goods used to compute the Consumer Price Index consists of 3 units of good X and 4 units of good Y.
-Refer to Table 24-15. If the base year is 2014, the value of the Consumer Price Index in 2013 is
A) 41.2.
B) 58.8.
C) 93.0.
D) 114.0.
Correct Answer:
Verified
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A)convert
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Q551: Table 24-15
The following table shows the prices
Q553: Table 24-15
The following table shows the prices
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