-The Data in the Table Above Shows the Consumption by }

$$\begin{array} { c c c c } \text { Item } & \begin{array} { c } \text { Quantity } \\( 2009 ) \end{array} & \begin{array} { c } \text { Price } \\( 2009 ) \end{array} & \begin{array} { c } \text { Price } \\( 2010 ) \end{array} \\\hline \text { Salt } & 2 & \$ 1.00 & \$ 2.00 \\\text { Bread } & 20 & \$ 2.50 & \$ 3.00 \\\hline\end{array}$$
-The data in the table above shows the consumption by families in a small (poor) economy.The families consume only salt and bread.The reference base period is 2009.The CPI in 2010 is

A) 100.
B) 118.8
C) 123.1
D) 23.1
E) 18.8

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free