Multiple Choice
Suppose total expenditures for a typical household in 2002 were $2,500 per month,while the cost of purchasing exactly the same items in 2012 was $3,000.If 2002 is the base year,the consumer price index (CPI) for the year 2012 equals
A) 83.
B) 100.
C) 120.
D) 125.
E) 130.
Correct Answer:
Verified
Correct Answer:
Verified
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