Table 24-2 The following table pertains to Wrexington, an economy in which the typical consumer's basket consists of 20 pounds of meat and 10 toys. ​ Year Price of Meat (Dollars per pound) Price of a Toy (Dollars per toy) 1 3 2 2 1 7 3 4 5 ​ Refer to Table 24-2. If the base year is Year 1, then the CPI in Year 2 was a. 90. b. 88.9. c. 112.5. d. 100.

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Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
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Table 24-2

The following table pertains to Wrexington, an economy in which the typical consumer's basket consists of 20 pounds of meat and 10 toys.

Year

Price of Meat

(Dollars per pound)

Price of a Toy

(Dollars per toy)

1 3 2
2 1 7
3 4 5


Refer to Table 24-2. If the base year is Year 1, then the CPI in Year 2 was
a.
90.
b.
88.9.
c.
112.5.
d.
100.
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