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The following table contains prices and quantities for the three goods produced in the country of ...

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The following table contains prices and quantities for the three goods produced in the country of ...

The following table contains prices and quantities for the three goods produced in the country of Linfieldia.

Year	Price of a Notebook	Quantity of Notebooks	Price of a Thesis	Quantity of Theses	Price of a Doughnut	Quantity of Doughnuts
2014	$2.00	80	$830	6	$0.50	400
2015	$2.50	75	$780	8	$1.00	400
2016	$3.00	90	$1,500	3	$1.00	350

Refer to the table above. Assuming that the base year basket of goods is 40 notebooks, 1 thesis, and 200 doughnuts, what is the Consumer Price Index for 2016?

▸ 204

▸ 163

▸ 169

▸ 146

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 66 times

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Smart ... Thanks!

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