If the Value of the Consumer Price Index (CPI) in 2013

question 56

Multiple Choice

If the value of the consumer price index (CPI) in 2013 was 135 and the value of the CPI in 2012 was 117,we could correctly say that:

• A) the typical basket of goods was about 18% more expensive in 2013 than in 2012.
• B) the typical basket of goods was about 18% less expensive in 2013 than in 2012.
• C) the typical basket of goods was about 15.4% more expensive in 2013 than in 2012.
• D) the average price of all items included in gross domestic product (GDP) was about 18% more expensive in 2013 than in 2012.
• E) the average price of all items included in GDP was about 15.4% more expensive in 2013 than in 2012.

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Definitions:

Tympanic Membrane

A thin membrane that separates the external ear from the middle ear, also known as the eardrum, which vibrates in response to sound waves.

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Reduced mobility or movement of a joint or body part.

Startle

A quick, involuntary reaction or movement in response to a sudden, unexpected stimulus.