If San Diego has a CPI of 165 and Los Angeles has a CPI of 145,this means _____.
A) prices have risen faster in San Diego since the base year than they have in LA
B) it essentially costs more to live in San Diego than in LA
C) it costs less to live in LA than in San Diego
D) pay in San Diego is,on average,20 percent higher than in LA

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) measures the average change in prices over time. A higher CPI in San Diego compared to Los Angeles indicates that prices have risen faster in San Diego since the base year.

If San Diego Has a CPI of 165 and Los