If a country had a CPI of 105.0 last year and a CPI of 102.0 this year, then
A) the average prices of goods and services increased between last year and this year.
B) there was an error when calculating the CPI this year.
C) the quantity of consumer goods and services produced decreased between last year and this year.
D) the average prices of goods and services decreased between last year and this year.
E) the average quality of goods and services decreased between last year and this year.
Correct Answer:
Verified
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