Last year you purchased 20 CDs at $12 a piece, 10 shirts at $15 each, and 5 sweaters at $30 each (total spending equals $540). This year you buy 18 CDs at $15 each, 10 shirts at $16 each, and 6 sweaters at $36 each (total spending equals $640)

If last year's index was 100, this year's index A) is 119.6.
B) is 118.5.
C) is 83.6.
D) is 30.


B

Economics

You might also like to view...

Describe the relationship between marginal productivity and average productivity. Use calculus or a graph to support your answer

What will be an ideal response?

Economics

What is it called when a third party is facilitating negotiations?

a. concession b. grievance c. arbitration d. mediation

Economics

In the United States, most often the ________ changes first, and the ________ follows.

A. GDP deflator; CPI B. PPI; CPI C. PCE; CPI D. CPI; PPI

Economics

Which of the following will not occur as the result of a decrease in net taxes?

A) decreased household saving B) decreased government saving C) a shift to the left of the supply curve for loanable funds D) all of the above

Economics