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Which of the Following Statements Is True

Question 22

Multiple Choice

Which of the following statements is true?


A) Base year prices are necessarily higher than current year prices.
B) The CPI in the base year is 100.
C) If the CPI is 112 in year 1 and 123 in year 2, prices have risen by approximately 9.8 percent between the two years.
D) b and c
E) a, b, and c

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