Suppose Total Expenditures for a Typical Household in 2009 Were

question 155

Multiple Choice

Suppose total expenditures for a typical household in 2009 were $3,300 per month and that the cost of purchasing exactly the same items in 2012 was $3,993 per month.If 2009 is the base year,the consumer price index (CPI) for 2012 equals

• A) 76.
• B) 83.
• C) 100.
• D) 121.
• E) 145.

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