The Consumer Price Index for Macroland Consists of Only Two

question 43

Multiple Choice

The consumer price index for Macroland consists of only two items: books and hamburgers.In 2011,the base year,the typical consumer purchased 10 books for $25 each and 25 hamburgers for $2 each.In 2012,the typical consumer purchased 15 books for $30 each and 30 hamburgers for $3 each.The consumer price index for 2012 on Planet Econ equals

• A) 100.
• B) 108.
• C) 115.
• D) 125.
• E) 180.

---

Definitions:

Day-to-Day Operations

The routine activities necessary for a business to function effectively, including production, sales, and administration tasks.

Eco-Efficiency Measure

An assessment method focusing on reducing environmental impacts while maximizing productivity and efficiency.

Recycling

is the process of collecting and processing materials that would otherwise be discarded as trash and turning them into new products.

Sustainability Practice

Actions and policies adopted by an organization that aim at minimizing its environmental impact and promoting long-term sustainability.