Suppose a Basket of Goods and Services Has Been Selected

Multiple Choice

Suppose a basket of goods and services has been selected to calculate the CPI.In 2002,the basket's cost was $80;in 2008,the basket's cost was $92;and in 2010,the basket's cost was $108.The base year must be

A) 2002.
B) 2008.
C) one of the years between 2008 and 2010.
D) The base year cannot be determined from the given information.