Multiple Choice
Suppose the CPI has been overstating the increase in the cost of living by 1% for 25 years,the total impact of that 25 years later is
A) less than 25%
B) exactly 25%
C) negligible since it is only 1% per year
D) more than 25%
E) 24%
Correct Answer:
Verified
Correct Answer:
Verified
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