The CPI for "Personal Computers and Peripheral Equipment" in July

Multiple Choice

The CPI for "personal computers and peripheral equipment" in July of 2001 was 29.3 (1982-1984 =
100) . Interpret this index.

A) There was no significant increase in the price of "personal computers and peripheral equipment"
B) The price of "personal computers and peripheral equipment" increased 29.3%.
C) The price of "personal computers and peripheral equipment" decreased 70.7%.
D) If the average price of a computer in 1982-1984 was $879.00, the CPI for "personal computers and peripheral equipment" would predict that the price of a computer in July
2001 would be $3,000.00.
E) The price of "personal computers and peripheral equipment" decreased 29.3%.