The Consumer Price Index (CPI)was 180 for 2009 When Using

question 45

Multiple Choice

The consumer price index (CPI) was 180 for 2009 when using 1995 as the base year (1995 = 100) .Now suppose we switch and use 2009 as the base year (2009 = 100) .What is the CPI for 1995 with the new base year?

• A)18.0
• B)55.6
• C)80.0
• D)111.2

---

Definitions:

Welfare Benefits

Financial assistance or services provided by the government to support individuals or families, especially those in financial need.

Time Limit

A fixed or set period within which something must be started, completed, or achieved.

Income Inequality

The imbalanced sharing of income among participants in an economy, affecting individuals and households differently.

Minimum Wages

The minimum wage allowed by law for workers.