Multiple Choice
Suppose total expenditures for a typical household in 2009 were $4,500 per month and that the cost of purchasing exactly the same items in 2012 was $6,975 per month.If 2009 is the base year,the consumer price index (CPI) for 2012 equals
A) 65.
B) 100.
C) 121.
D) 132.
E) 155.
Correct Answer:
Verified
Correct Answer:
Verified
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