-If the CPI basket of goods cost $200 in the reference base period and $450 in a later year, the CPI in the later year equals
A) 225.
B) 250.
C) 300.
D) 450.

Name: -If the CPI basket of goods cost $200 in the reference base period and $450 in a later year, the CPI in the later year equals A) 225. B) 250. C) 300. D) 450.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

-If the CPI basket of goods cost $200 in the reference base period and $450 in a later year, the CPI in the later year equals
A) 225. 
B) 250. 
C) 300. 
D) 450.

Quizplus · Accepted Answer

The CPI is calculated by dividing the cost of the basket in the later year by the cost in the base period and then multiplying by 100. So, ($450/$200) * 100 = 225.

-If the CPI Basket of Goods Cost $200 in the Reference