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 consumer goods to be 40 notebooks,1 thesis,and 200 doughnuts,what is the Consumer Price Index for 2014?
Definitions:
Market Value
The existing cost for buying or selling an asset or service in the marketplace.
Book Value
The value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus accumulated depreciation.
Poison Pill
A corporate tactic to avoid being acquired. A poison pill is a clause written into a firm’s bylaws that makes it prohibitively expensive for an acquiring firm to take control.
Takeover Attempt
A bid by a company or investor to acquire control of another company, often by purchasing a substantial portion of its stock.
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