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i Chrome File Edit View History Bookmarks People Window Help . . . 47% (1 Mon 8:25 PM n Grades tor Ahmad A Sh X Principles of Macroeconc × Quiz: Chapter 6 Quiz x Q Econ Chapter 8 Flash car × Q Econ: Chapter27 Flas c X Economics question Chex C secure https://coastdistrict,instructure.com/courses/39744/quizzes/1 22104/take/questions/2338395 CChapter 6 Quiz Int-Spr18 Orange Coast Questions Question 1 Question 2 Started: Jan 15 at 8:09pm Quiz Instructions Question 4 VQuestion 5 Courses Question 10 1 pts Grades Syllabus People Question 8 In a hypothetical economy, a market basket consists of one laptop and two DVD players. In the base year, 2010, the price of a DVD player was $200, and the price of a laptop was $500. In 2015, the price of a DVD player was $380, and the price of a laptop was $750. The CPI for 2010 was Time Running: Hide Attempt due: Jan 15 at 9:09pmm 44 Minutes, 6 Seconds O 1.68. O2.00. O 1.63. CPI cannot be calculated with the given information. O 1.00. Previous Next

Solution

10.

Correct Answer:

E.1.00

Explanation:

The year 2010 is the base year, so CPI of the base year will always be 1. Sometimes, It is also considered as 100 if 1 is multiplied by 100.