Suppose this is the base year and there are only two goods (Good A and Good B) and the average person buys 4 of Good A in a year and 3 of Good B. If the Price of Good A is $5 and the Price of Good B is $10, the price index
A. is 30.
B. is 20.
C. is 50.
D. is 100.
Answer: D
Economics
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