A Part of the CPI Table Is Given Below What Is the Percent Increase of a Market Basket of

question 42

Multiple Choice

A part of the CPI table is given below: $$\begin{array} { l | l | l | l | l | l } \text { Year } & 1975 & 1980 & 1985 & 1990 & 1995 \\\hline \text { CPI } & 53.8 & 82.4 & 107.6 & 130.7 & 152.4\end{array}$$ What is the percent increase of a market basket of goods from 1975 to 1985? Round the percent to the nearest integer.

• A) 100%
• B) 200%
• C) 54%
• D) 50%

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Definitions:

Innovation

A process of implementing new ideas, creating dynamic products, or improving existing services.

Deregulation

The process of removing or reducing state regulations, typically in the economic sphere, to encourage more efficient and competitive markets.

Outcomes

The results or consequences of actions, often used in the context of evaluating the impact of decisions or experiments.

Changes

The process or act of making something become different in an essential way, often leading to new directions or conditions.