Multiple Choice
When 1983 is the CPI base year, the CPI value is 82.4 for 1980 and 172.2 for 2017. Suppose we want to convert this CPI series to have a base year of 2017 (that is, CPI2017 = 100) . What is the value of the revised CPI for 1980?
A) 172.2
B) 100
C) 47.9
D) 209.0
Correct Answer:
Verified
Correct Answer:
Verified
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