1
answer
0
watching
181
views
greylocust46Lv1
18 Aug 2020
In an economy, the total expenditures for a market basket of goods in year one (the base year) was $5,000 billion. In year two, the total expenditure for the same market basket of goods was $5,500 billion. What was the Consumer Price Index for the economy in year 2?
A. 110
B. 120
C. 115
D. 100
In an economy, the total expenditures for a market basket of goods in year one (the base year) was $5,000 billion. In year two, the total expenditure for the same market basket of goods was $5,500 billion. What was the Consumer Price Index for the economy in year 2?
A. 110
B. 120
C. 115
D. 100
Anne Gillian DueroLv10
13 Oct 2020
