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Suppose Total Expenditures for a Typical Household in 2002 Were

Question 107

Multiple Choice

Suppose total expenditures for a typical household in 2002 were $5,500 per month,while the cost of purchasing exactly the same items in 2012 was $7,150.If 2002 is the base year,the consumer price index (CPI) for 2012 equals


A) 83.
B) 100.
C) 120.
D) 125.
E) 130.

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