Table 62 -Refer to Table 6

question 184

Multiple Choice

Table 6.2
$$\begin{array}{l}\text { Table } 6.2\\\begin{array} { | c | c | c | } \hline \text { Year } & \text { Price of apples } & \text { Price of oranges } \\\hline 2016 & \$ 3.00 & \$ 1.00 \\\hline 2017 & \$ 4.00 & \$ 2.00 \\\hline\end{array}\end{array}$$
-Refer to Table 6.2 of a consumer's basket that consists of apples and oranges. The consumer buys 6 units of apples and 2 units of oranges every year. What is the consumer price index for 2017 if the base year is 2016?

• A) 20
• B) 50
• C) 100
• D) 120
• E) 140

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Definitions:

Inventory Forecast

The process of estimating the amount of inventory a company will need over a future period based on historical sales data, seasonality, and market trends.

Regression Line

A statistical method used to describe the relationship between a dependent variable and one or more independent variables, usually represented as a straight line on a graph.

Dividend Payout Ratio

The percentage of a company's earnings distributed to its shareholders in the form of dividends.

AFN

Additional Funds Needed; the extra funding required by a firm to support its operations and growth.