Use the Following to Answer Questions

question 305

Multiple Choice

Use the following to answer questions:
-(Table: Peanut Butter and Jelly) Use Table: Peanut Butter and Jelly.Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly.If 2012 is the base year,what is the value of the price index in 2012?

• A) 0
• B) 90
• C) 100
• D) 111.25

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Definitions:

Constitution Drafting

The process of writing and creating a constitution, which outlines the fundamental principles and laws by which a state or organization is governed.

Congressional Authority

The powers granted to the United States Congress by the Constitution, including making laws, declaring war, and controlling federal spending.

Articles of Confederation

The first constitution of the United States, ratified in 1781, which established a confederation of states with a weak central government, leading to its replacement by the U.S. Constitution in 1789.