Business, 15.04.2020 02:14, Dreynolds1667

In an economy, the total expenditures for a market basket of goods in year 1 (the base year) was $5,000 billion. In year 2, the total expenditure for the same market basket of goods was $5,500 billion. What was the Consumer Price Index for the economy in year 2?
A. 100
B. 115
C. 110
D. 120

Answers: 2

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In an economy, the total expenditures for a market basket of goods in year 1 (the base year) was $5,...