Multiple Choice
For any given year, what is the CPI?
A) the price of the basket of goods and services in the given year divided by the price of the basket in the base year, then multiplied by 100
B) the price of the basket of goods and services in the given year divided by the price of the basket in the previous year, then multiplied by 100
C) the price of the basket of goods and services in the base year divided by the price of the basket in the given year, then multiplied by 100
D) the price of the basket of goods and services in the previous year divided by the price of the basket in the given year, then multiplied by 100
Correct Answer:
Verified
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