Suppose We Shopped for a Basket of Goods in Year

question 62

Multiple Choice

Suppose we shopped for a basket of goods in Year 1 and it cost $350. Suppose the same basket of goods adds up to $385 in Year 2. If we use Year 1 as a base year, what would be the Year 2 CPI?

• A) 35.
• B) 90.
• C) 100.
• D) 110.
• E) 135.

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Definitions:

Creative Synthesis

The process of combining or integrating different ideas, concepts, or elements into a novel or cohesive whole.

Paradoxical Frames

The use of opposite or seemingly contradictory perspectives to understand or approach situations, often revealing new insights.

Mental Templates

are cognitive structures that serve as a framework for understanding and organizing new information.

High-Quantity Goals

Targets that focus on producing a large volume of work or achieving a high number of outcomes within a specified timeframe.