Multiple Choice
If the overall Consumer Price Index (CPI) was 216.6 in 2011, then the price of:
A) every good and service consumers purchased increased by 116.6 percent from the base period to 2011.
B) every good and service consumers purchased increased by 216.6 percent from the base period to 2011.
C) a market basket of goods and services consumers typically purchased increased by 116.6 percent from the base period to 2011.
D) a market basket of goods and services consumers typically purchased increased by 216.6 percent from the base period to 2011.
Correct Answer:
Verified
Correct Answer:
Verified
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