Multiple Choice
Suppose total expenditures for a typical household in 2011 were $2,000 per month and that the cost of purchasing exactly the same items in 2012 was $2,500 per month.If 2011 is the base year,the consumer price index (CPI) for 2012 equals
A) 142.
B) 125.
C) 100.
D) 80.
E) 64.
Correct Answer:
Verified
Correct Answer:
Verified
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