A Country Reports the Total Expenditures on the Fixed CPI

question 127

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 2010 was $23,000,the cost of the CPI basket for the reference base period,2011,was $23,805,and the cost of the CPI basket in 2012 was $24,500.The CPI for 2010 is

• A)96.6.
• B)100.0.
• C)103.5.
• D)106.5.
• E)23.0.

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Definitions:

Senate

One of the two houses of the legislature in many countries, often tasked with reviewing and consenting to legislation, appointments, and treaties.

Property Ownership

The legal right or title to possess, use, and dispose of buildings, land, or other tangible objects.

Voting Qualifications

The criteria that determine eligibility to vote in elections, typically including age, citizenship, and residence requirements.

States

Constitutionally defined entities with their own governments within a federal system, possessing certain powers and responsibilities distinct from those of the national government.