-The Table Above Gives the CPI for a Nation

question 247

Multiple Choice

-The table above gives the CPI for a nation.Based on the table,we can determine that the reference base period is

• A)1994.
• B)1996.
• C)1998-2000.
• D)2002.
• E)More information about when the Consumer Expenditure Survey was undertaken is needed to answer the question.

---

Definitions:

Price of Rice

The current market cost at which rice is sold, influenced by factors like supply and demand, production costs, and governmental policies.

Absence of Trade

A situation where there is no exchange of goods or services between individuals, regions, or countries, often resulting in decreased economic efficiency and growth.

Tariff

A tax imposed by a government on imports or exports of goods to regulate trade policies.

Excise Tax

A sales tax levied on a particular good or service; for example, gasoline and cigarette taxes.