The Consumer Price Index for Macroland Consists of Only Two

question 106

Multiple Choice

The consumer price index for Macroland consists of only two items: books and pizzas.In 2011,the base year,the typical consumer purchased 5 books for $55 each and 20 pizzas for $6 each.In 2012,the typical consumer purchased 10 books for $80 each and 30 pizzas for $7 each.The consumer price index for 2012 in Macroland equals

• A) 100.
• B) 108.
• C) 115.
• D) 137.
• E) 185.

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Definitions:

Affect

A psychological term referring to the underlying experience of feeling, emotion, or mood.

Month Field

A specific type of data field used in databases and forms to store or capture information regarding months, either as numbers (1-12) or as month names.

Filters Area

A section in software where criteria can be set to display only data that meets certain conditions.

January Data

Information or statistical records specifically collected or analyzed during the month of January.