Table 62 -Refer to Table 6

question 51

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 2 units of apples and 4 units of oranges every year. What is the consumer price index for 2017 if the base year is 2016?

• A) 100
• B) 150
• C) 120
• D) 160
• E) 130

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Definitions:

Allocation Base

A criterion or measure used for distributing costs or expenses across different departments or products.

Building Depreciation

The systematic allocation of the cost of a building over its useful life to account for the decrease in its value over time.

Square Feet

A measurement unit for area, commonly used in real estate, equal to the area of a square with sides of one foot.

Indirect Expense

refers to expenses that are not directly associated with the production of goods or services, such as utility costs, rent, and administration salaries.