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Suppose Total Expenditures for a Typical Household in 2008 Were

Question 128

Multiple Choice

Suppose total expenditures for a typical household in 2008 were $2,000 per month and that the cost of purchasing exactly the same items in 2012 was $3,200 per month.If 2008 is the base year,the consumer price index (CPI) for 2012 equals


A) 62.5.
B) 100.
C) 125.
D) 148.
E) 160.

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