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Table 6-5
This Table Pertains to an Economy with Only

Question 45

Multiple Choice

Table 6-5
This table pertains to an economy with only two goods: books and calculators. The fixed basket consists of 5 books and 10 calculators.
 Year  price of Bouks  price of Calculators 2011$24$82012$30$122013$32$15\begin{array} { | l | c | c } \hline \text { Year } & \text { price of Bouks } & \text { price of Calculators } \\\hline 2011 & \$ 24 & \$ 8 \\\hline 2012 & \$ 30 & \$ 12 \\\hline 2013 & \$ 32 & \$ 15 \\\hline\end{array}
-Refer to the Table 6-5.Using 2013 as the base year,what is the consumer price index?


A) 52.66 in 2011, 84.25 in 2012, and 106.50 in 2013
B) 64.52 in 2011, 87.10 in 2012, and 100.00 in 2013
C) 52.66 in 2011, 90.89 in 2012, and 100.00 in 2013
D) 100.00 in 2011, 135.00 in 2012, and 155.00 in 2013

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