For Any Given Year, What Is the CPI

question 161

Multiple Choice

For any given year, what is the CPI?

• A) the price of the basket of goods and services in the given year divided by the price of the basket in the base year, then multiplied by 100
• B) the price of the basket of goods and services in the given year divided by the price of the basket in the previous year, then multiplied by 100
• C) the price of the basket of goods and services in the base year divided by the price of the basket in the given year, then multiplied by 100
• D) the price of the basket of goods and services in the previous year divided by the price of the basket in the given year, then multiplied by 100

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Definitions:

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