The CPI changes from 100 to 200. This means that:
A) overall prices have doubled.
B) the inflation rate has doubled.
C) there is deflation.
D) the base year has changed.
Correct Answer:
Verified
Q23: Suppose that a CPI basket includes avocadoes,
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Q29: The CPI changes from 100 to 90.
Q30: The CPI changes from 100 to 125.
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Q32: The table shows consumer price index
Q33: The table shows consumer price index
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