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.
-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
Correct Answer:
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