Multiple Choice
Which of the following statements is correct?
A) The CPI is the ratio of the cost of the market basket in the base year to the cost of the market basket in one year.
B) The CPI is the ratio of the cost of the market basket in the base year to the cost of the market basket in one year multiplied by 100.
C) The CPI is the ratio of the cost of the market basket in one year to the cost of the market basket in the base year.
D) The CPI is the ratio of the cost of the market basket in one year to the cost of the market basket in the base year multiplied by 100.
Correct Answer:
Verified
Correct Answer:
Verified
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