-The Data in the Table Above Show the Consumption by Families

question 51

Multiple Choice

-The data in the table above show the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The CPI in 2012 is

• A) 100.
• B) 18.8
• C) 118.8
• D) 23.1
• E) 123.1

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Definitions:

Optimum

The most favorable condition or level for growth, reproduction, or efficiency.

Minimize

The act of making something as small or as insignificant as possible.

Optimum

The condition or degree of an outcome that is most favorable or efficient for a specific purpose.

Maximize

To increase to the greatest possible amount or degree, often used in the context of optimizing performance, efficiency, or profits.