If the Basket of Goods and Services Used to Calculate

question 376

Multiple Choice

If the basket of goods and services used to calculate the CPI cost $200 in the reference base period and $450 in a later year, the CPI for the latter year equals

• A) 325.
• B) 450.
• C) 200.
• D) 225.

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Definitions:

Compare

Typically refers to a method or function that assesses two values or objects and determines their ordering or if they are equal.

Control Structure

The blocks in programming that analyze variables and choose directions in which to go based on given parameters.

Two-Way Selection

A control structure in programming that allows for two possible paths of execution based on a condition being true or false.

If Statements

Conditional statements that execute a block of code if a specified condition evaluates to true.