Suppose the Consumer Price Index Was 100 in 2000 and 300

question 71

Multiple Choice

Suppose the consumer price index was 100 in 2000 and 300 in 2010.This implies that the average price level:

• A)increased by 20 percent during this period.
• B)increased by 100 percent during this period.
• C)increased by 200 percent during this period.
• D)increased by 300 percent during this period.

---

Definitions:

Calorie Limit

A nutritional guideline specifying the maximum number of calories to be consumed in a day to maintain or achieve certain health goals.

Seafood Salads

A dish made primarily of various types of seafood and mixed with vegetables, dressings, or other ingredients, often served cold.

Budget Set

The collection of all possible combinations of goods and services that a consumer can afford with a given budget at current prices.

Price Reduced

A decrease in the cost at which goods or services are sold, typically to stimulate demand or clear inventory.