If the CPI basket costs $35 in the base period but costs $42, what is the CPI in the next period?
A) $42
B) 83.3
C) 120
D) 20 percent

Name: If the CPI basket costs $35 in the base period but costs $42, what is the CPI in the next period? A) $42 B) 83.3 C) 120 D) 20 percent
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

The CPI is calculated as (Cost in Current Period / Cost in Base Period) * 100, so ($42 / $35) * 100 = 120.

If the CPI Basket Costs $35 in the Base Period