Suppose a Basket of Goods and Services Has Been Selected

question 242

Multiple Choice

Suppose a basket of goods and services has been selected to calculate the CPI. In 2002, the basket's cost was $80; in 2008, the basket's cost was $92; and in 2010, the basket's cost was $108. The base year must be

• A) 2002.
• B) 2008.
• C) one of the years between 2008 and 2010.
• D) The base year cannot be determined from the given information.

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Definitions:

Digestive System

A collection of organs that breaks down food into nutrients, which the body uses for energy, growth, and cell repair.

Subphylum Urochordata

A subphylum of chordates that includes marine animals known as tunicates or sea squirts, having a notochord only during their larval stage.

Phylum Echinodermata

A group of marine animals characterized by radially symmetrical body plans, a water vascular system, and a calcified skin, including stars, sea urchins, and cucumbers.

Phylum Chordata

The Phylum Chordata encompasses animals with a notochord, a dorsal nerve cord, pharyngeal slits, and a post-anal tail at some point in their development.