The following table lists the basket of goods in the
Consumer Price Index for the nation of Astro (Assume 2014 is the base year.)
Table 12.2
-Using the information in Table 12.2, the Astro Consumer Price Index for 2014 is
A) 24.
B) 100.
C) 124.
D) 189.

Question

The following table lists the basket of goods in the
Consumer Price Index for the nation of Astro (Assume 2014 is the base year.)
  Table 12.2
-Using the information in Table 12.2, the Astro Consumer Price Index for 2014 is
A) 24. 
B) 100. 
C) 124. 
D) 189.

Quizplus · Accepted Answer

The Consumer Price Index (CPI) for a base year is always set to 100. Since 2014 is the base year in this scenario, its CPI is 100.

The Following Table Lists the Basket of Goods in the