Suppose the Consumer Price Index Is 143

question 168

Multiple Choice

Suppose the Consumer Price Index is 143.6. What does that number mean?

• A) On average, goods cost $143.60.
• B) On average, goods cost $243.60.
• C) Prices rose 143.6 percent over the reference base period, on average.
• D) Prices rose 43.6 percent over the reference base period, on average.