Table 24-10
The table below shows the prices of baseballs and baseball bats for three years. Assume the typical consumer's basket consists of 6 baseballs and 2 baseball bats.
-Refer to Table 24-10. If 2008 is the base year, then the consumer price index was
A) 100.00 in 2008, 110.03 in 2009, and 117.43 in 2010.
B) 100.00 in 2008, 110.03 in 2009, and 129.20 in 2010.
C) 100.00 in 2008, 117.00 in 2009, and 132.50 in 2010.
D) 169.50 in 2008, 186.50 in 2009, and 219.00 in 2010.
Correct Answer:
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