Table 5.3 -Refer to Table 5.3.Assume the Market Basket for the Consumer

question 262

Multiple Choice

Table 5.3
-Refer to Table 5.3.Assume the market basket for the consumer price index has three products - Cokes, hamburgers, and CDs - with the above values in 2002 and 2014 for price and quantity.The Consumer Price Index for 2014 equals

• A)75.
• B)93.
• C)108.
• D)121.
• E)132.