Solved

If a Market Basket of Goods Cost $100 in the Base

Question 100

Multiple Choice

If a market basket of goods cost $100 in the base year and $108 in a later year,then average prices have increased by:

A) 8 percent.
B) 92.5 percent.
C) 108 percent.
D) 208 percent.

Related Questions

Q95: During periods of inflation,all prices will increase

Q96: Which of the following is likely if

Q97: If the population of a country is

Q98: The CPI tends to overestimate the rate

Q99: Those with savings accounts typically benefit from

Q101: Based on the News Wire article titled

Q102: If the CPI is 112 in Year

Q103: Ben's nominal annual income in 2009 was

Q104: The alternative combinations of goods and services

Q105: During a period of inflation:<br>A) Specific prices