Multiple Choice
Suppose a basket of goods and services has been selected to calculate the CPI and 2009 has been selected as the base year.In 2007,the basket's cost was $64;in 2009,the basket's cost was $68;and in 2011,the basket's cost was $70.The value of the CPI in 2011 was
A) 97.14.
B) 100.10.
C) 102.94.
D) 109.38.
Correct Answer:
Verified
Correct Answer:
Verified
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