A Country Reports the Total Expenditures on the Fixed CPI

question 44

Multiple Choice

A country reports the total expenditures on the fixed CPI basket for the past three years. The cost of the CPI basket in 2016 was $23,000, the cost of the CPI basket for the reference base period, 2017, was $23,805, and the cost of the CPI basket in 2018 was $24,500. The CPI for 2018 is

• A) 245.0.
• B) 97.2.
• C) 106.5.
• D) 102.9.
• E) 93.9.

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