In 2013,the Reference Base Period for the CPI for the Nation

question 195

Multiple Choice

In 2013,the reference base period for the CPI for the nation of Wobet,a typical consumer spent $30 on potatoes and $150 on steak.Which of the following is true?

• A)The quantity of steak in the basket is larger than the quantity of potatoes.
• B)The quantity of potatoes in the basket is larger than the quantity of steak.
• C)The quantity of the two goods in the basket is the same.
• D)We cannot say exactly how many of each good are in the basket.
• E)None of the above answers is correct.

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