Multiple Choice
The consumer price index (CPI) is 311.1 for 2002 when using 1975 as the base year (1975 = 100) .Now suppose we switch and use 2002 as the base year (2002 = 100) .What is the CPI for 1975 with the new base year?
A) 20.2
B) 32.1
C) 48.4
D) 56.2
Correct Answer:
Verified
Correct Answer:
Verified
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