The Following Table Contains Prices and Quantities for the Three

question 110

Multiple Choice

The following table contains prices and quantities for the three goods produced in the country of Linfieldia.

-Refer to the table above.Assuming that the base year basket of goods is 40 notebooks,1 thesis,and 200 doughnuts,what is the Consumer Price Index for 2016?

• A) 146
• B) 163
• C) 182
• D) 204

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Definitions:

Ending Balance

The final amount in an account at the end of an accounting period, reflecting all transactions.

Discontinued Operation

A component of a business that has been sold, abandoned, or otherwise disposed of, which is reported separately from continuing operations on financial statements.

Income Statement

A financial report that shows a company's revenues, expenses, and profit over a particular period.

Retirement of a Bond

The repayment of the principal amount of a bond at or before its maturity date, effectively extinguishing the debt.