suppose the market basket consists of 10X, 20Y, 30Z. current-year prices are

Here is the answer for the question – suppose the market basket consists of 10X, 20Y, 30Z. current-year prices are. You’ll find the correct answer below

suppose the market basket consists of 10X, 20Y, 30Z. current-year prices are $1 for each unit of X, $0.96 for each unit of Y, and $1.13 for each unit of Z. base year prices are $1 for each unit of X, Y, and Z. What is the approximate CPI in the current year

The Correct Answer is

105.17

Reason Explained

105.17 is correct for suppose the market basket consists of 10X, 20Y, 30Z. current-year prices are

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