Use the Following Information to Answer the Following Questions

question 84

Multiple Choice

Use the following information to answer the following questions.
In the country of Shem, the CPI is calculated using a market basket consisting of 5 apples, 4 loaves of bread, 3 robes, and 2 litres of gasoline. The per-unit prices of these goods have been as follows:
Table 6-3

-Refer to Table 6-3. For the CPI, what is the base year?

• A)the benchmark against which other years are compared, and it changes each year
• B)the benchmark against which other years are compared, and it changes occasionally
• C)the year the CPI first appeared
• D)the year before the year for which the CPI is calculated