Multiple Choice
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been chosen as the base year.In 2012,the basket's cost was $80.00;in 2013,the basket's cost was $84;and in 2014,the basket's cost was $87.60.The value of the CPI was
A) 100 in 2012.
B) 105 in 2013.
C) 109.5 in 2014.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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