Table 24-4
The table below pertains to an economy with only two goods -- books and calculators. The fixed basket consists of 5 books and 10 calculators.
-Refer to Table 24-4.Using 2008 as the base year,the consumer price index is
A) 52.66 in 2006, 84.25 in 2007, and 106.5 in 2008.
B) 64.52 in 2006, 87.10 in 2007, and 100 in 2008.
C) 52.66 in 2006, 90.89 in 2007, and 100 in 2008.
D) 100 in 2006, 135 in 2007, and 155 in 2008.
Correct Answer:
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Q34: Table 24-2 Q35: Table 24-4 Q37: In an imaginary economy,consumers buy only sandwiches Q38: In calculating the consumer price index,a fixed Q40: In an imaginary economy,consumers buy only shirts Q43: Suppose the price index in 2004 was Q44: The price index in the first year Q86: If this year the CPI is 110 Q139: The price index in the first year Q150: For any given year, the CPI is
The table below pertains to an
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