Use the following table, which lists output quantities and prices for the only three goods in the economy, to answer the next question. The base year is 2007.YearHot DogsBaseballsBottles of Beer?PriceQuantityPriceQuantityPriceQuantity2005$2.00100$2.5050$1.0010020064.001005.001002.0015020075.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250The Consumer Price Index for the year 2009 is

A. 50.
B. 200.
C. 100.
D. 150.

Answer: B

Economics

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If marginal revenue is less than marginal cost, the firm should

A) raise price. B) raise marginal revenue. C) increase its rate of output. D) decrease its rate of output.

Economics

_____ is a forecasting technique that uses a weighted average of past time-series values to forecast the value of the time series in the next period. Group of answer choices

Fill in the blank(s) with the appropriate word.

Economics