A Country Reports the Total Expenditures on the Fixed CPI

question 16

Multiple Choice

A country reports the total expenditures on the fixed CPI basket for the past three years. The cost of The CPI basket in 2010 was $23,000, the cost of the CPI basket for the reference base period, 2011, Was $23,805, and the cost of the CPI basket in 2012 was $24,500. The CPI for 2010 is

• A)100.0.
• B)96.6.
• C)23.0.
• D)106.5.
• E)103.5.

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