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If the Consumer Price Index for a Certain Year Is

Question 132

Multiple Choice

If the Consumer Price Index for a certain year is 120, this means that the average price of consumer items in that year was:


A) 20% higher than the average price in the base period 1982-84
B) About $120 per basket of consumer goods and services
C) 120% higher than the average price in the base period 1982-84
D) 20% higher than the average price of the preceding year

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