Multiple Choice
The CPI changes from 100 to 125. This means that:
A) consumers are now able to purchase 25% more goods and services.
B) overall prices are now 25% higher than they used to be.
C) the base year index has changed from 100 to 125.
D) the GDP deflator has also risen from 100 to 125.
Correct Answer:
Verified
Correct Answer:
Verified
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