If the "Basket" of Goods and Services Included in the Consumer

question 245

Multiple Choice

If the "basket" of goods and services included in the consumer price index (CPI) cost $21,350 in the base year (when the CPI = 100) and currently costs $28,550, what is the current CPI?

• A) 133.72
• B) 128.63
• C) 74.78
• D) 125.08
• E) 139.77

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Definitions:

Taste Receptor

Specialized sensory cells located on the tongue that are responsible for detecting the five basic taste types: sweet, sour, salty, bitter, and umami.

Menstrual Cycles

The regular natural change that occurs in the female reproductive system that makes pregnancy possible, typically lasting about 28 days.

Pheromones

Chemical substances produced and released into the environment by animals, including humans, affecting the behavior or physiology of others of its species.

Hearing Loss

A decrease in the ability to perceive sounds, ranging from mild to profound, which may affect one or both ears.