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Suppose a Basket of Goods and Services Has Been Selected

question 58

Multiple Choice

Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year.In 2012,the basket's cost was $50;in 2014,the basket's cost was $52;and in 2016,the basket's cost was $55.The value of the CPI in 2016 was


Definitions:

Political Boundaries

Geographical demarcations used by countries to establish the limits of their territory and jurisdiction.

Original Jurisdiction

The authority of a court to hear a case for the first time, as opposed to appellate jurisdiction, which reviews decisions of lower courts.

Online Dispute Resolution

A branch of dispute resolution which uses digital technologies to facilitate the resolution of disputes between parties.

Sales Over the Internet

The process of buying and selling goods or services through online platforms or websites.

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