The Formula for Calculating the CPI Is

question 135

Multiple Choice

The formula for calculating the CPI is

• A)(Expenditures in the current year/Expenditures in the base year)× 100.
• B)(Expenditures in the current year × Expenditures in the base year)/100.
• C)(Expenditures in the base year/Expenditures in the current year).
• D)(Expenditures in the base year × 100)/(Expenditures in the current year).

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Definitions:

Product Price

The amount of money charged for a product or service, determined by factors like cost, demand, and competition.

Garden Hoses

Flexible tubes used to convey water, typically equipped with a nozzle, for various purposes such as gardening, cleaning, and irrigation.

Plastic Price

Refers to the current market value or cost of plastic materials, which can vary based on supply, demand, and other economic factors.

Technological Advance

Progress or innovation in technology that often leads to improved efficiency, productivity, or capabilities.