Solved

The Formula for the CPI Is 100 Multiplied by

Question 30

Multiple Choice

The formula for the CPI is 100 multiplied by

A) (Cost of CPI market basket at base period prices ÷ Cost of CPI market basket at current period prices) .
B) (Cost of CPI market basket at current period prices - Cost of CPI market basket at base period prices) .
C) (Cost of CPI market basket at base period prices - Cost of CPI market basket at current period prices) .
D) (Cost of CPI market basket at current period prices ÷ Cost of CPI market basket at base period prices) .
E) (Cost of CPI market basket at current period prices + Cost of CPI market basket at base period prices) .

Correct Answer: