X CH 7 Flashcards Quizlet a https lowconnecthtml Arswer the

, X CH. 7 Flashcards| Quizlet+ a ??https:/ low/connect.html Arswer the nest question based on the tollowing pnice and output data over a five yer period for an economy thatl produces only one good Assume that yer 2 is the base year lfyear 2 rsthe bme yeatthe cernunei Pyice ?des for year 2ts Type here to search o e Fl F3 F7 FB F10 F11 F12

Solution

CPI is measured as = (current period price of basket/base period price of basket) x100

So, here {(10x3)/(10x3)} x 100 = 100

Therefore option (b)