-Consumers in a Country Buy Only Two Goods,sneakers and Manicures

question 171

Multiple Choice

-Consumers in a country buy only two goods,sneakers and manicures.The prices and quantities purchased by urban households are in the table above.The reference base year is 2011.For these data,the CPI for 2012 is

• A)145.
• B)100.
• C)160.
• D)10.
• E)110.

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Definitions:

American Southwest

A region in the United States defined by its arid and semi-arid climate, encompassing states such as Arizona, New Mexico, parts of California, Nevada, Utah, and Colorado.

Protestant

A member of the branch of Christianity that separated from the Roman Catholic Church during the Reformation.

Battle of Yorktown

The decisive victory by American and French forces over British troops in 1781, effectively ending the American Revolutionary War.

British Surrender

The act of British forces giving up in a conflict, notably referring to events like the 1781 surrender at Yorktown during the American Revolutionary War.