Refer to the following figure when answering the following questions:
-In the figure,which of the following changes in the consumer price index (CPI)of Brazil would most closely reflect what is depicted during the 2003-2004 time period?
A) January 2003: 100; July 2003: 118; July 2004: 120
B) January 2003: 100; July 2003: 108; July 2004: 118
C) January 2003: 100; July 2003: 118; July 2004: 200
D) January 2003: 100; July 2003: 110; July 2004: 112
E) January 2003: 100; July 2003: 116; July 2004: 106

Question

Refer to the following figure when answering the following questions: 
-In the figure,which of the following changes in the consumer price index (CPI)of Brazil would most closely reflect what is depicted during the 2003-2004 time period?
A) January 2003: 100; July 2003: 118; July 2004: 120 
B) January 2003: 100; July 2003: 108; July 2004: 118 
C) January 2003: 100; July 2003: 118; July 2004: 200 
D) January 2003: 100; July 2003: 110; July 2004: 112 
E) January 2003: 100; July 2003: 116; July 2004: 106

Quizplus · Accepted Answer

The figure shows that between January 2003 and July 2003, the CPI increased from 100 to just above 108, and between July 2003 and July 2004, the CPI increased from 108 to just above 118. Choice B reflects these changes the most closely.

Refer to the Following Figure When Answering the Following Questions