Multiple Choice
Suppose the Consumer Price Index for the year 2007 is 143.6. What does that number mean?
A) On average, goods cost $243.60 each in 2007.
B) Prices rose 143.6 percent over the reference base period, on average.
C) On average, goods cost $143.60 each in 2007.
D) Prices rose 43.6 percent over the reference base period, on average.
Correct Answer:
Verified
Correct Answer:
Verified
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