What is the value of the basket of goods for 1981?1980 Base Year1981QTYItemPriceQtyItemPrice1Rubik's Cube4.99Rubik's Cube5.251Atari 2600119.003Atari 2600126.998.951Duran DuranAlbum1Duran DuranAlbum9.551Pop Rocks0.482 Pop Rocks0.691Gallon Of Gas1.131GasGallon Of1.191Bugle Boy29.953Bugle Boy32.75Parachute PantsРаrachutePants1Рас Мan Pajamas15.00Рас Мan15.00Pajamas

A basket of goods is a set of consumer products and services whose price is evaluated on a regular…

1980 Base Year 1981 QTY Item Price Qty Item Price 1 Rubik's Cube 4.99 2 Rubik's Cube 5.25 1 Atari 2600 119.00 Atari 2600 126.99 1 Duran Duran Album 8.95 1 Duran Duran Album 9.55 1| Pop Rocks 1 Gallon Of Gas 0.48 2 Pop Rocks 0.69 1.13 1 Gallon Of Cas 1.19 1 Bugle Boy Parachute Pants 3 Bugle Boy Parachute Pants 29.95 32.75 1 Pac Man Pajamas 2 Pac Man Pajamas 15.00 15.00

1980 Base Year 1981 QTY Item Price Qty Item Price 1 Rubik's Cube 4.99 2 Rubik's Cube 5.25 1 Atari 2600 119.00 Atari 2600 126.99 1 Duran Duran Album 8.95 1 Duran Duran Album 9.55 1| Pop Rocks 1 Gallon Of Gas 0.48 2 Pop Rocks 0.69 1.13 1 Gallon Of Cas 1.19 1 Bugle Boy Parachute Pants 3 Bugle Boy Parachute Pants 29.95 32.75 1 Pac Man Pajamas 2 Pac Man Pajamas 15.00 15.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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