The Consumer Price Index for Macroland Consists of Only Two

question 89

Multiple Choice

The consumer price index for Macroland consists of only two items: pizzas and soft drinks.In 2011,the base year,the typical consumer purchased 10 pizzas for $5 each and 25 soft drinks for $2 each.In 2012,the typical consumer purchased 15 pizzas for $8 each and 30 soft drinks for $3 each.The consumer price index for 2012 on Macroland equals

• A) 100.
• B) 108.
• C) 115.
• D) 135.
• E) 155.

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