Suppose the Consumer Price Index (CPI) for Year X Is

question 74

Multiple Choice

Suppose the consumer price index (CPI) for Year X is 130. This means the average price of goods and services is

• A) currently $130.
• B) 130 percent more in Year X than in the base year.
• C) 130 percent more in the base year than in Year X.
• D) priced at 30 percent more in Year X than in the base year.

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