The Consumer Price Index for Planet Econ Consists of Only

question 113

Multiple Choice

The consumer price index for Planet Econ consists of only two items: books and hamburgers.In 2011,the base year,the typical consumer purchased 10 books for $20 each and 200 hamburgers for $1 each.In 2012,the typical consumer purchased 12 books for $23 each and 300 hamburgers for $1.15 each.The consumer price index for 2012 on Planet Econ equals

• A) 100.
• B) 115.
• C) 125.
• D) 135.
• E) 155.

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Definitions:

Sea Turtles

Marine reptiles characterized by a bony or leathery shell and paddled limbs, belonging to the order Testudines.

Species Loss

The disappearance of species from Earth, often due to human activities like habitat destruction, pollution, and overexploitation, leading to reduced biodiversity.

Marine Ecosystems

Complex systems of marine life and their environments, ranging from coral reefs and mangroves to the deep sea, vital for the planet's diversity and climate.

Recreational Fishing

Fishing activities undertaken for pleasure or sport rather than for commercial purposes.