The Table Shows the Prices and the Quantities Consumed in Carnivore

question 41

Multiple Choice

The table shows the prices and the quantities consumed in Carnivore Country. The base year is 2013. This means that 2013 is the year the typical basket was determined so the quantities consumed in 2013 are the only quantities needed to calculate the CPI in each year. ?

$\begin{array}{l}\text { Table }\\\begin{array}{|c|c|c|c|c|}\hline \text { Year } & \begin{array}{c}\text { Price of } \\\text { beef }\end{array} & \begin{array}{c}\text { Quantity of } \\\text { beef }\end{array} & \begin{array}{c}\text { Price of } \\\text { pork }\end{array} & \begin{array}{c}\text { Quantity of } \\\text { pork }\end{array} \\\hline 2013 & € 2.00 & 100 & € 1.00 & 100 \\\hline 2014 & 2.50 & 90 & 0.90 & 120 \\\hline 2015 & 2.75 & 105 & 1.00 & 130 \\\hline\end{array}\end{array}$
Refer to the table above. What is the value of the basket in the base year?

• A) €55
• B) €300
• C) €333
• D) €418.75
• E) €459.25

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Definitions:

Imperial Ambitions

The desire or intention of a state to acquire and maintain an empire, characterized by domination and control over foreign territories and peoples.

English Rule

Refers to the period of governance over territories and colonies by the English monarchy and later the British government, prior to achieving independence or transitioning to local self-rule.

Navigation Act

Laws passed by the British government in the 17th and 18th centuries regulating trade and commerce in the British Empire, aimed at promoting British shipping and controlling colonial trade.

Mercantilism

Policy of Great Britain and other imperial powers of regulating the economies of colonies to benefit the mother country.