Multiple Choice
-The data in the table above show the consumption by families in a small (poor) economy.The families consume only salt and bread.The reference base period is 2011.The cost of the CPI market basket in 2012 is
A) $8.50.
B) $64.00.
C) $5.00.
D) $52.00.
E) Unable to be calculated because information is needed about the quantities purchased in 2010.
Correct Answer:
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