Table 9-10 -Refer to Table 9-10.Suppose an Economy Has Only Three Goods

question 186

Multiple Choice

Table 9-10

-Refer to Table 9-10.Suppose an economy has only three goods and the typical family purchases the amounts given in the table above.If 2013 is the base year,then what is the CPI for 2018?

• A)14.3
• B)87.5
• C)114.3
• D)160

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Definitions:

Productively

Refers to achieving a significant amount of work or results in an efficient and effective manner.

Internet Access

The ability or right to connect to the internet, often facilitated through various technologies like broadband, Wi-Fi, and mobile data.

American Households

The living arrangements and social units formed by individuals and families residing in the United States, encompassing a wide range of familial and social structures.

Stocks

Shares of ownership in a company, which represent a claim on part of the company's assets and earnings.