Business, 14.04.2020 18:13 trinitieu66
The consumer price index for Planet Econ consists of only two items: books and hamburgers. In 2000, the base year, the typical consumer purchased 10 books for $25 each and 25 hamburgers for $2 each. In 2005, the typical consumer purchased 15 books for $30 each and 30 hamburgers for $3 each. The consumer price index for 2005 on Planet Econ equals:
A. 1.00
B. 1.15
C. 1.25
D. 1.45
Answers: 3
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The consumer price index for Planet Econ consists of only two items: books and hamburgers. In 2000,...
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