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Table 20-11 -Refer to Table 20-11. Suppose an Economy Has Only Three

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Table 20-11
Table 20-11    -Refer to Table 20-11. 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
-Refer to Table 20-11. 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?

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Definitions:

Net Income

The financial term for the total earnings or profit of a company after all expenses and taxes have been subtracted from total revenue.

Investment Portfolio

A group of stocks and/or debt securities in different corporations held for investment purposes.

Consolidated Portfolio

A comprehensive account of the combined assets, liabilities, and investment holdings of a parent company and its subsidiaries.

Controlling Interest

Controlling interest is an ownership interest in a corporation that gives the shareholder sufficient voting power to influence or direct the company's management and policies.

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