DAC3345 2020 2020 2022 2022 ITEM PRICE (R) QUANTITY PRICE (R) QUANTITY X 100 200 150 250 Y 40 60 70 80 Z 20 90 40 110 Using 2020 as the base year, the Laspeyre's price index for this basket of items is: A 158.7% B. 156.2% C 152.8% D. 149.1%

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 35P: With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years?...
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DAC3345
2020
2020
2022
2022
ITEM
PRICE (R)
QUANTITY
PRICE (R)
QUANTITY
X
100
200
150
250
Y
40
60
70
80
Z
20
90
40
110
Using 2020 as the base year, the Laspeyre's price index for this basket of items is:
A 158.7%
B. 156.2%
C 152.8%
D. 149.1%
Transcribed Image Text:DAC3345 2020 2020 2022 2022 ITEM PRICE (R) QUANTITY PRICE (R) QUANTITY X 100 200 150 250 Y 40 60 70 80 Z 20 90 40 110 Using 2020 as the base year, the Laspeyre's price index for this basket of items is: A 158.7% B. 156.2% C 152.8% D. 149.1%
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