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Suppose We Shopped for a Basket of Goods in Year

Question 186

Multiple Choice

Suppose we shopped for a basket of goods in Year 1 and it cost $350.Suppose the same basket of goods costs $385 in Year 2.If the CPI in Year 1 is 100,the CPI in Year 2 will be


A) 35.
B) 90.
C) 100.
D) 110.
E) 135.

Correct Answer:

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