A market basket is made up of three goods, 10X, 12Y, and 18Z. The prices in the base year are $1.20, $2.10, and $3.25, respectively. The prices in the current year are $1.44, $2.23, and $3.88. What is the approximate consumer price index in the current year?

In the case of an external benefit generated by an activity, such as education, a private subsidy for that activity can achieve an efficient outcome

Indicate whether the statement is true or false

According to the rule of 70, a nation that has an economic growth rate of 5 percent will double its output in ______ years.

a. 14 b. 35 c. 3.5 d. 7