The CPI for "Personal Computers and Peripheral Equipment" in July

question 58

Multiple Choice

The CPI for "personal computers and peripheral equipment" in July of 2001 was 29.3 (1982-1984 = 100) . Interpret this index.

• A) There was no significant increase in the price of "personal computers and peripheral equipment"
• B) The price of "personal computers and peripheral equipment" increased 29.3%.
• C) The price of "personal computers and peripheral equipment" decreased 70.7%.
• D) If the average price of a computer in 1982-1984 was $879.00, the CPI for "personal computers and peripheral equipment" would predict that the price of a computer in July 2001 would be $3,000.00.
• E) The price of "personal computers and peripheral equipment" decreased 29.3%.

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