Use the Table Below to Answer the Following Questions

question 56

Multiple Choice

Use the table below to answer the following questions.
Table 21.3.1
Suppose a simple economy produces three goods only.
The price and output data for some selected years are shown below.

-Refer to Table 21.3.1.The reference base period is 2002.The CPI in 2012 is

• A)1,340.
• B)158.
• C)100.
• D)96.
• E)63.

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Definitions:

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