-If 2009 is the reference base period, what is the price index for the CPI basket of goods for 2015 in the above table?
A) 97.3
B) 102.8
C) 128.0
D) zero because the price of Blu-rays fell and the price of water increased

Question

-If 2009 is the reference base period, what is the price index for the CPI basket of goods for 2015 in the above table?
A) 97.3 
B) 102.8 
C) 128.0 
D) zero because the price of Blu-rays fell and the price of water increased

Quizplus · Accepted Answer

The price index for the CPI basket of goods for 2015 is 102.8, indicating that the overall price level has increased by 2.8% compared to the base year 2009.

-If 2009 Is the Reference Base Period, What Is the Price