menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 24
  4. Exam
    Exam 6: Macroeconomic Measurements, part I: Prices and Unemployment
  5. Question
    If the CPI Is 100 in the Base Year and 108
Solved

If the CPI Is 100 in the Base Year and 108

Question 45

Question 45

Multiple Choice

If the CPI is 100 in the base year and 108 in the current year,how much did prices rise between the base year and the current year?


A) 8 percent
B) 108 percent
C) 1.08 percent
D) 0.08 percent
E) ​80 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: A plumber who quits his job in

Q29: Which of the following statements is false?<br>A)

Q31: Look at the following data: The frictional

Q45: Good X sold for $40 in 1957.The

Q50: Assume that Ms.Sawyer's salary is $42,000,up from

Q82: Suppose the market basket consists of 100X,200Y,and

Q101: Jones lost his job in industry A,but

Q107: The CPI in the base year is

Q108: The CPI is based on a representative

Q114: "Full employment" is said to exist when

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines