(34)In year 1 and year 2, there are two products produced in a given economy: apples and oranges. Suppose that there are no intermediate goods. In year 1, 10 apples are produced and sold at $4 each, and in year 2, 8 apples are produced and sold at $5 each. In year 1, 2 oranges are sold for $12 each, and in year 2, 5 oranges are sold for $6 each.

What isgused to calculate the chain weight prices?

(Show yourwork)

a) 1.274

b) 1.374

c) 1.437

d) none of the above