The Data in the Table Above Shows the Consumption by Families

question 2

Multiple Choice

The data in the table above shows the consumption by families in an economy.The year 2015 is the reference base period.
-Based on the table above,the cost of the base period market basket in 2015 is

• A)$4,885.
• B)$4,650.
• C)$3,300.
• D)$3,885.
• E)None of the above answers is correct.

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Definitions:

Labor Intensive

A type of production process that requires a high level of human labor compared to capital investment.

Per Day

A unit of measurement related to the occurrence or calculation of something within a single day.

Euros

The official currency of the eurozone, which is a monetary union of 19 of the 27 European Union member states.

U.S. Dollars

The currency of the United States, used as the standard unit of money in international trade and domestic transactions.