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    Principles of Economics Study Set 8
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    Exam 24: Measuring the Cost of Living
  5. Question
    The CPI for 2008 Is Computed by Dividing the Price
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The CPI for 2008 Is Computed by Dividing the Price

Question 6

Question 6

True/False

The CPI for 2008 is computed by dividing the price of the basket of goods and services in 2008 by the price of the basket of goods and services in the base year, then multiplying by 100.

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