Table 6-5 This Table Pertains to an Economy with Only Two Goods

question 161

Multiple Choice

Table 6-5
This table pertains to an economy with only two goods: books and calculators.The fixed basket consists of 5 books and 10 calculators.
-Refer to the Table 6-5.Using 2013 as the base year,what is the consumer price index?

• A) 100 in 2013,135 in 2014,and 155 in 2015
• B) 100 in 2013,270 in 2014,and 310 in 2015
• C) 200 in 2013,270 in 2014,and 310 in 2015
• D) 200 in 2013,540 in 2014,and 620 in 2015

---

Definitions:

NAV

NAV, or Net Asset Value, is the per-share value of a mutual fund or an exchange-traded fund (ETF), calculated by dividing the total value of all the securities in the portfolio, minus any liabilities, by the number of shares outstanding.

Mutual Fund

A financial instrument that pools money from various investors to invest in different types of securities, including stocks, bonds, money market instruments, and additional assets.

New York Time

The time zone observed in New York, typically Eastern Standard Time (EST) or Eastern Daylight Time (EDT), depending on the time of year.

SEC

The Securities and Exchange Commission, a U.S. regulatory agency responsible for enforcing federal securities laws and regulating the securities industry.