The CPI Basket of Econoland Consists of 10 Units of A

question 97

Multiple Choice

The CPI basket of Econoland consists of 10 units of A, 20 units of B, and 30 units of C.Current prices are $1 per unit of A, $2 per unit of B, and $3 per unit of C.Base- year prices are $1 for each unit of A, B, and C.What is the CPI in the current year?

• A)430
• B)43
• C)140
• D)233
• E)100

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Definitions:

Lease Rate

The cost of leasing or renting a particular asset, property, or equipment, usually expressed as a payment amount per time period.

Sale And Leaseback

A transaction where a company sells an asset and leases it back from the buyer, providing liquidity while retaining the asset's use.

Lessee

A lessee is a person or entity who rents land or property from a lessor under the terms of a lease agreement.

Lessor

The party in a lease agreement who owns the asset and grants its use to another party (the lessee) for a specified period in exchange for payment.