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

question 63

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 2015 as the base year,what is the consumer price index?

• A) 52.66 in 2015,84.25 in 2014,and 106.50 in 2015
• B) 64.52 in 2015,87.10 in 2014,and 100.00 in 2015
• C) 52.66 in 2015,90.89 in 2014,and 100.00 in 2015
• D) 100.00 in 2015,135.00 in 2014,and 155.00 in 2015