Table 6-2 -Refer to the Table 6-2.Suppose That the Basket of Goods

question 83

Multiple Choice

Table 6-2
-Refer to the Table 6-2.Suppose that the basket of goods in the CPI consisted of 3 units of pork and 4 units of corn.What is the consumer price index for 2015 if the base year is 2014?

• A) 120.00
• B) 129.17
• C) 136.11
• D) 150.00

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Definitions:

Teller Amendment

An amendment to a U.S. war resolution in 1898 stating that the United States would not establish permanent control over Cuba following the Spanish-American War.

Kettle Hill

A notable geographical location, historically significant due to military engagements, such as those during the Spanish-American War.

Theodore Roosevelt

26th President of the United States, noted for his exuberant personality, range of interests and achievements, and his leadership of the Progressive Movement.

American-Spanish War

A conflict between the United States and Spain in 1898, resulting in the U.S. gaining territories in the western Pacific and Latin America.