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Use the table below to answer the following questions. Table 21.3.1 Suppose a simple economy produces three goods only. The price and output data for
Use the table below to answer the following questions. Table 21.3.1 Suppose a simple economy produces three goods only. The price and output data for some selected years are shown below. Price Price Quantity Quantity (dollars) (dollars) (number) (number) 2002 2012 2002 2012 Pop 0.75 1.10 100 120 Crackers 1.25 2.10 300 280 Cucumbers 2.00 3.00 200 190 6) Refer to Table 21.3.1. The reference base period is 2002. the CPI in 2002 is A) 1,340. B) 158. C) 100. 0: 75 x 100 - 75 D) 96. 1. 25 x JOD = 37 . 5 E) 63. 2. 00 X 200 = 400
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