The Basket of Goods and Services Included in the Consumer

question 5

Multiple Choice

The basket of goods and services included in the Consumer Price Index cost $35,750 in the base year. If the same basket cost $43,000 six years later, what was the CPI on that date?

• A) 83.1
• B) 116.7
• C) 72.5
• D) 120.3
• E) 118.4