Multiple Choice
If the CPI has a value of 115 today and the base year is 2014, then consumer prices have
A) increased by 15 per cent since the base year.
B) increased by 1.5 per cent since the base year.
C) more than doubled since the base year.
D) declined 15 per cent since the base year.
Correct Answer:
Verified
Correct Answer:
Verified
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