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    Economics Principles and Applications
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    Exam 19: The Price Level and Inflation
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    Use the Table Below to Calculate the CPI in 2007
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Use the Table Below to Calculate the CPI in 2007

Question 5

Question 5

Multiple Choice

Use the table below to calculate the CPI in 2007.Assume the base year is 2006 and the cost of the market basket in the base year is $200. Use the table below to calculate the CPI in 2007.Assume the base year is 2006 and the cost of the market basket in the base year is $200.   The CPI in 2007 is A)  100 B)  126 C)  115 D)  230 E)  200 The CPI in 2007 is


A) 100
B) 126
C) 115
D) 230
E) 200

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