2012 2013 -In 2012, Consumers in Dexter Consumed Only Books and Pens

question 341

Multiple Choice

2012 2013

-In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the CPI in 2013?

• A) 59
• B) 129
• C) 169
• D) 102

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Definitions:

Native American

A member of any of the indigenous peoples of the Americas.

Regional Shift

Regional shift describes changes in economic, social, or demographic conditions within a specific geographical region, often leading to significant transformations in that area's development or industry focus.

Southern and Western States

Refers to the geographic regions in the United States broadly characterized by their distinct cultural, economic, and climatic differences from the Northern and Eastern parts of the country.

Buying Power

The capacity of an individual or organization to purchase goods and services, often influenced by income, credit availability, and economic conditions.