Suppose the market basket consists of 400X,150Y,and 220Z.Current-year prices are $1.50 for each unit of X,$0.50 for each unit of Y,and $4.60 for each unit of Z.Base-year prices are $1.00 for each unit of X,Y,and Z.Approximately what is the value of the CPI in the current year?
A) 457
B) 354
C) 219
D) 119

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The Answer of Suppose the market basket consists of 400X,150Y,and 220Z.Current-year prices are $1.50 for each unit of X,$0.50 for each unit of Y,and $4.60 for each unit of Z.Base-year prices are $1.00 for each unit of X,Y,and Z.Approximately what is the value of the CPI in the current year?
A) 457
B) 354
C) 219
D) 119

Suppose the Market Basket Consists of 400X,150Y,and 220Z