When 1983 Is the CPI Base Year, the CPI Value

question 27

Multiple Choice

When 1983 is the CPI base year, the CPI value is 82.4 for 1980 and 172.2 for 2000. Suppose we want to convert this CPI series to have a base year of 2000 (that is, CPI₂₀₀₀ = 100) . What is the value of the revised CPI for 1980?

• A) 172.2
• B) 100
• C) 47.9
• D) 209.0

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