Refer to the table (attached image). This country produces only two goods, CDs and books. You are told that the CPI for this country in 2012 was 141. If the base year is 2011, how many books should be present in the basket of goods and services that was used to calculate the CPI?CHOOSE ONE:•A. 68•B. 78•C. 60•D. 84 05/03/201st attemptFeedback20112012GoodsQuantityPriceQuantityPriceCDs$10100$15100$15$20BooksRefer to the table. This country produces only two goods, CDs and books. Youthe base year is 2011, how many books should be present in the basket of gooChoose one:A. 68B. 78C. 60O D.84

As per the given information, the country produces only two goods CDs and books. The CPI in the year…

Answered: 05/03/20 1st attempt Feedback 2011 2012…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Refer to the table (attached image). This country produces only two goods, CDs and books. You are told that the CPI for this country in 2012 was 141. If the base year is 2011, how many books should be present in the basket of goods and services that was used to calculate the CPI?

CHOOSE ONE:

•A. 68

•B. 78

•C. 60

•D. 84

05/03/20
1st attempt
Feedback
2011
2012
Goods
Quantity
Price
Quantity
Price
CDs
$10
100
$15
100
$15
$20
Books
Refer to the table. This country produces only two goods, CDs and books. You
the base year is 2011, how many books should be present in the basket of goo
Choose one:
A. 68
B. 78
C. 60
O D.84

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