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You Read in the Newspaper That the Consumer Price Index

Question 127

Multiple Choice

You read in the newspaper that the consumer price index in 2011 was 120. You conclude that a typical market basket in 2011 would have cost _____ more than the same market basket purchased in _____.


A) 20%; 2010
B) 120%; 2010
C) 20%; the base year
D) 120%; the base year

Correct Answer:

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