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    Statistics Concepts and Controversies
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    Exam 16: The Consumer Price Index and Government Statistics
  5. Question
    A Gallon of Milk Cost $2
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A Gallon of Milk Cost $2

Question 3

Question 3

Multiple Choice

A gallon of milk cost $2.48 in 1995, while a gallon of milk cost $3.73 in 2016. Using 1995 as the base year, what is the gallon of milk index number for 2016?


A) 0.66
B) $0.66
C) $1.50
D) 66
E) 150

Correct Answer:

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