If the cost of the CPI market basket at current period prices is $275 and the cost of the CPI market basket at base period prices is $350, the CPI is

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The Consumer Price Index (CPI) is calculated by dividing the cost of the market basket in the current period by the cost of the market basket in the base period, and then multiplying by 100. Thus, CPI = ($275 / $350) * 100 = 78.57, which rounds to 79.

If the Cost of the CPI Market Basket at Current