Suppose in 2010 the Cost of Purchasing a Basket of Goods

question 181

Multiple Choice

Suppose in 2010 the cost of purchasing a basket of goods was $100. That same basket cost $150 in 2011. If 2010 is the base year, the consumer price index for 2011 is

• A) 50.
• B) 100.
• C) 150.
• D) 250.