Multiple Choice
Suppose that the total expenditures for a typical household in 2015 equaled $5,500 per month, while the cost of purchasing exactly the same items in 2017 was $6,875. If 2015 is the base year, the CPI for the year 2017 equals:
A) 0.80
B) 1.00
C) 1.20
D) 1.25
Correct Answer:
Verified
Correct Answer:
Verified
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