A Consumer Price Index of 160 in 1996 with a Base

question 109

Multiple Choice

A consumer price index of 160 in 1996 with a base year of 1982-1984 would mean that the cost of the market basket

• A)equaled $160 in 1996.
• B)equaled $160 in 1983.
• C)rose 160% from the cost of the market basket in the base year.
• D)rose 60% from the cost of the market basket in the base year.

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