In 2010, the Reference Base Period for the CPI for the Nation

question 156

Multiple Choice

In 2010, the reference base period for the CPI for the nation of Webot, a typical consumer spent $30 on potatoes and $150 on steak.If the price of steak is $15 and the price of potatoes is $1 then there are ________ units of steak and ________ units of potatoes in the CPI market basket.

• A) 30; 150
• B) 10; 30
• C) 150; 30
• D) 5; 30
• E) None of the above answers is correct.