Solved

The Following Table Lists the Basket of Goods in the Astro

Question 82

Multiple Choice

The following table lists the basket of goods in the Astro Price Index (Assume 2008 is the base year.)
2008 Quantity 2008 Price 2009 Quantity 2009 Price 2010 Quantity 2010 Price  Sunglasses 8$9.0010$11.007$10.00 Toothpaste 153.00184.00154.00 Ferrets 612.00415.00918.00\begin{array}{|l|c|c|c|c|c|c|} \hline & \begin{array}{c}2008 \\\text { Quantity }\end{array} & \begin{array}{c}2008 \\\text { Price }\end{array} & \begin{array}{c}2009 \\\text { Quantity }\end{array} & \begin{array}{c}2009 \\\text { Price }\end{array} & \begin{array}{c}2010 \\\text { Quantity }\end{array} & \begin{array}{c}2010 \\\text { Price }\end{array} \\\hline \text { Sunglasses } & 8 & \$ 9.00 & 10 & \$ 11.00 & 7 & \$ 10.00 \\\hline \text { Toothpaste } & 15 & 3.00 & 18 & 4.00 & 15 & 4.00 \\\hline \text { Ferrets } & 6 & 12.00 & 4 & 15.00 & 9 & 18.00\\\hline \end{array}
Table 12.2
-Using the information in Table 12.2, the Astro Price Index for 2008 is


A) 24.
B) 100.
C) 124.
D) 189.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents