Related to the Economics in Practice on p. 453: The Consumer Price Index in the United States was 207.3 in 2007, 215.3 in 2008 and 214.5 in 2009. If a retiree's pension is tied to the CPI, his monthly pension check would have increased from ________, and decreased from ________.
A) 2007 to 2008; 2008 to 2009
B) 2008 to 2009; 2007 to 2008
C) 2007 to 2008; 2007 to 2009
D) 2007 to 2009; 2007 to 2008

Question

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The CPI increased from 207.3 in 2007 to 215.3 in 2008, so the pension check would have increased from 2007 to 2008. The CPI decreased from 215.3 in 2008 to 214.5 in 2009, so the pension check would have decreased from 2008 to 2009.

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