A Consumer Price Index of 160 in 2017 with a Base

question 120

Multiple Choice

A consumer price index of 160 in 2017 with a base year of 2002 would mean that the cost of the market basket

• A)equaled $160 in 2017.
• B)equaled $160 in 2002.
• C)rose 160% from the cost of the market basket in the base year.
• D)rose 60% from the cost of the market basket in the base year.
• E)is 160 times more than it cost in 2002.

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Definitions:

Negative Messages

Communications that convey bad news, refusals, or unfortunate information to the recipient.

Appropriate Reaction

A response or behavior that is suitable or fitting for a particular situation or context.

Incorrect Information

Wrong, inaccurate, or misleading data or facts.

The Misguided

Refers to individuals or groups led astray, often due to misinformation or poor judgment.