The Consumer Price Index (1982-84 = 100) Reports a CPI

question 45

Multiple Choice

The Consumer Price Index (1982-84 = 100) reports a CPI in August 2010 for Energy as 212.372. What is the percentage change in the price of energy compared to the base?

• A) Increased 112.372 percent
• B) Decreased 112.372 percent
• C) Increased 212.372 percent
• D) Decreased 212.372 percent

---

Definitions:

Theoretical Explanation

An explanation that relies on a set of concepts and relationships derived from a theoretical framework to explain a phenomenon.

Instrumental Case Study

A case study conducted to provide insights into an issue or to refine a theoretical explanation, using the case as a tool to understand more general principles.

Insight

A deep understanding or realization that comes from analysis or introspection.

Issue

A topic of discussion, concern, or dispute that invites attention, analysis, or resolution.