Use the table below to calculate the CPI in 2007.Assume the base year is 2006 and the cost of the market basket in the base year is $200. 
The CPI in 2007 is
Definitions:
P(A or B)
The probability that at least one of two events A or B occurs.
Outcome
The result or consequence of an action, experiment, or situation.
Conditional Probability
The probability of one event occurring with some relationship to one or more other events.
P(A|B)
The probability of event A occurring given that event B has already occurred, representing a conditional probability.
Q2: Which of the following units is used
Q14: The infant industry argument<br>A) is that governments
Q61: Firms produce too little output<br>A) when tort
Q69: The most volatile component of GDP is<br>A)
Q73: Refer to Figure 9-9.The production possibilities frontier
Q90: A key assumption of the classical model
Q113: If Japan imposes a tariff on shoes
Q121: Suppose Mike agrees to borrow $100 from
Q144: Fiscal policy is<br>A) a change in money
Q145: In an economy without international trade,we can