The Consumer Price Index for Planet Econ Consists of Only

question 53

Multiple Choice

The consumer price index for Planet Econ consists of only two items: books and hamburgers.In 2010, the base year, the typical consumer purchased 10 books for $25 each and 25 hamburgers for $2 each.In 2015, the typical consumer purchased 15 books for $30 each and 30 hamburgers for $3 each.The consumer price index for 2015 on Planet Econ equals:

• A)1.00
• B)1.15
• C)1.25
• D)1.45

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Definitions:

General Yi Seong-gye

A Korean military leader who founded the Joseon Dynasty in 1392, after overthrowing the Goryeo Dynasty, under his rule as King Taejo.

Northeastern Korea

A region in Korea known for its distinct cultural and historical heritage, as well as its natural beauty, including mountains and landscapes unique to the area.

Yang

In Chinese cosmology, the principle of active masculine energy, which permeates the universe in varying proportions with yin, the principle of passive feminine energy.

Active Masculine Energy

A concept generally referring to qualities associated with traditional masculinity, such as strength, assertiveness, and leadership.