If the CPI for 2008 Was 112,the Typical Market Basket

Multiple Choice

If the CPI for 2008 was 112,the typical market basket purchased that year would cost

A) 12 percent more than the same market basket purchased the previous year
B) 112 percent more than the same market basket purchased the previous year
C) 12 percent more than the same market basket purchased in the base year
D) 112 percent more than the same market basket purchased in the base year
E) more than the same market basket purchased during any previous year