Multiple Choice
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year.In 2012,the basket's cost was $50;in 2014,the basket's cost was $52;and in 2016,the basket's cost was $55.The value of the CPI in 2016 was
A) 90.9.
B) 104.0.
C) 105.0.
D) 110.0.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q53: If the quality of a good deteriorates
Q54: Suppose the price of a gallon of
Q55: The introduction of a new good<br>A)increases the
Q56: Which of the following is not an
Q57: Which of these events would cause the
Q59: Which of the following is the most
Q60: If the consumer price index was 96
Q62: Assume that consumers consider rice and potatoes
Q63: Which of the following changes in the
Q188: By far the largest category of goods