Table 6-6. The table below applies to an economy with only two goods - hamburgers and hot dogs. The fixed basket consists of 4 hamburgers and 8 hot dogs.
-Refer to Table 6-6. If the base year is 2010, then the consumer price index is
A) 100 in 2009, 109 in 2010, and 115 in 2011.
B) 95.90 in 2009, 100 in 2010, and 107.44 in 2011.
C) 90.91 in 2009, 100 in 2010, and 106.36 in 2011.
D) 88.82 in 2009, 100 in 2010, and 107.44 in 2011.
Correct Answer:
Verified
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