A Country Reports the Total Expenditures on the Fixed CPI

question 218

Multiple Choice

A country reports the total expenditures on the fixed CPI basket for the past three years.The cost of the CPI basket in 2010 was $23,000,the cost of the CPI basket for the reference base period,2011,was $23,805,and the cost of the CPI basket in 2012 was $24,500.The CPI for 2012 is

• A)93.9.
• B)97.2.
• C)102.9.
• D)106.5.
• E)245.0.

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Definitions:

Insulin

A hormone produced by the pancreas that regulates blood sugar levels by allowing cells to take in glucose.

Type 2 Diabetes Mellitus

A metabolic disorder characterized by high blood sugar levels over a prolonged period due to insulin resistance.

Insulin Shock

A severe hypoglycemic event caused by an excess of insulin in the body, leading to low blood sugar levels, confusion, and potentially loss of consciousness.

Hyperglycemia

A condition characterized by an excessive concentration of glucose in the blood.