Suppose a basket of goods and services has been selected to calculate the CPI and 2004 has been selected as the base year. In 2002, the basket's cost was $50; in 2004, the basket's cost was $52; and in 2006, the basket's cost was $54.60. The value of the CPI in 2006 was
A) 91.6.
B) 95.2.
C) 105.0.
D) 109.2.
Correct Answer:
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