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:

Outstanding Voting

Refers to shares that are issued by a corporation, held by investors, and eligible to vote on corporate matters.

Consolidated Cost

The total cost of a project or investment after combining all individual costs and expenses.

Inventory Purchase Price

The cost incurred to acquire goods or materials held for sale or production in the business.

Outstanding Voting

Shares of a company that are currently owned by investors and have the right to vote on corporate matters.