Table 20-5 -Refer to Table 20-5.Suppose an Economy Has Only Three Goods

question 132

Multiple Choice

Table 20-5

-Refer to Table 20-5.Suppose an economy has only three goods and the typical family purchases the amounts given in the table above.If 2005 is the base year,then what is the CPI for 2012?

• A) 40.08
• B) 100
• C) 180
• D) 208

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Definitions:

Banking Relationship

Refers to the business interactions and communications between a bank and its customers, including the services and products offered.

Immediate Decrease

A sudden decrease in value or amount, happening without delay or within a very short time frame.

Ledger Balance

The total balance of all accounts in a business's ledger, reflecting the current financial situation before any adjustments or reconciliations.

Smart Card

Much like an automated teller machine card; one use is within corporations to control access to information by employees.