Suppose the market basket of consumer goods and services costs $180 using the base period prices,and the same basket of goods and services costs $300 using the current period prices.The CPI for the current year period equals

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Quizplus · Accepted Answer

The Consumer Price Index (CPI) is calculated by dividing the current period cost by the base period cost and then multiplying by 100. So, ($300 / $180) * 100 = 166.7.

Suppose the Market Basket of Consumer Goods and Services Costs