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 $51;and in 2016,the basket's cost was $52.The value of the CPI in 2014 was
A) 98.0.
B) 102.0.
C) 104.0.
D) 151.0.
Correct Answer:
Verified
Correct Answer:
Verified
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