-Consumers in a Country Buy Only Two Goods,pens and CDs

question 270

Multiple Choice

-Consumers in a country buy only two goods,pens and CDs.The prices and quantities purchased by urban households are in the table above.The reference base year is 2011.If the current year is 2012,the cost of the CPI market basket in 2012 is

• A)$3,400.
• B)$3,588.
• C)$3,580.
• D)$3,508.
• E)$3,500.

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Definitions:

Services

Intangible products delivered directly from a provider to an end user to fulfill a need or provide a solution without the transfer of physical goods.

Organizational Reach

The extent to which an organization can project its influence or services over geographic areas and operational domains.

Inventory ID Code

A unique identifier, often in the form of a barcode or RFID tag, used to track and manage individual items in an inventory.

Warehouse

A large building where goods are stored before they are distributed, sold, or used.