Table 24-4 The Table Below Pertains to an Economy with Only Two

question 45

Multiple Choice

Table 24-4
The table below pertains to an economy with only two goods -- books and calculators. The fixed basket consists of 5 books and 10 calculators.

-Refer to Table 24-4.Using 2008 as the base year,the consumer price index is

• A)52.66 in 2006, 84.25 in 2007, and 106.5 in 2008.
• B)64.52 in 2006, 87.10 in 2007, and 100 in 2008.
• C)52.66 in 2006, 90.89 in 2007, and 100 in 2008.
• D)100 in 2006, 135 in 2007, and 155 in 2008.

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