If the cost of the CPI market basket at current period prices is $1000 and the cost of the CPI market basket at base period prices is $250,the CPI is

Question

Quizplus · Accepted Answer

The Consumer Price Index (CPI) is calculated by dividing the cost of the market basket at current period prices by the cost of the market basket at base period prices, then multiplying by 100. So, ($1000 / $250) * 100 = 400.

If the Cost of the CPI Market Basket at Current