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The table below pertains to an economy in which the typical consumer's basket consists of 5 Tennis Rackets and 10 Boxes of Tennis Balls. Year
The table below pertains to an economy in which the typical consumer's basket consists of 5 Tennis Rackets and 10 Boxes of Tennis Balls. Year Price of a Tennis Racket Price of a Box of Tennis Balls 2002 $24 $9 2003 $30 $11 2004 $32 $12 Refer to Table. If 2003 is the base year, then the consumer price index was a. 80.8 in 2002, 100 in 2003, and 107.7 in 2004. b. 80.5 in 2002, 100 in 2003, and 107.3 in 2004. c. 247.5 in 2002, 307.5 in 2003, and 330 in 2004. d. 210 in 2002, 260 in 2003, and 280 in 2004
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