Consider an economy with only two goods: bread and wine.In 1982,the typical family bought four loaves of bread at 50¢ per loaf and two bottles of wine for $9 per bottle.In 2002,bread cost 75¢ per loaf and wine cost $10 per bottle.The CPI for 2002 (using a 1982 base year) is:
A) 100.
B) 115.
C) 126.
D) 130.
Correct Answer:
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