For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below.

-Suppose that Year 1 is the base year. The CPI for Year 2 is approximately
A) 100.0.
B) 135.0.
C) 170.0.
D) 240.0.

Question

For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below.

-Suppose that Year 1 is the base year. The CPI for Year 2 is approximately
A) 100.0. 
B) 135.0. 
C) 170.0. 
D) 240.0.

Quizplus · Accepted Answer

The Answer of For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below.

-Suppose that Year 1 is the base year. The CPI for Year 2 is approximately
A) 100.0. 
B) 135.0. 
C) 170.0. 
D) 240.0.

For the Following Questions, Suppose an Economy Produces Only Food