Table 9-11 -Refer to Table 9-11.Suppose an Economy Has Only Three Goods

question 175

Multiple Choice

Table 9-11

-Refer to Table 9-11.Suppose an economy has only three goods and the typical family purchases the amounts given in the table above.If 2005 is the base year,then what is the CPI for 2013?

• A)40.08
• B)100
• C)180
• D)208

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Definitions:

Economic Discrimination

The unfair treatment of individuals based on their economic status, gender, age, or ethnicity influencing their opportunities and resources.

Discrimination

Discrimination refers to the unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Wage Rate

The amount of compensation a worker receives per unit of time or per task completed.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or gender.