Suppose a Basket of Goods and Services Has Been Selected

question 69

Multiple Choice

Suppose a basket of goods and services has been selected to calculate the CPI and 2009 has been selected as the base year.In 2007,the basket's cost was $64;in 2009,the basket's cost was $68;and in 2011,the basket's cost was $70.The value of the CPI in 2011 was

• A)97.14.
• B)100.10.
• C)102.94.
• D)109.38.

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