If the consumer price index was 88 in 2009, 95 in 2010, and 100 in 2011, then the base year must be
A) 2009.
B) 2010.
C) 2011.
D) The base year cannot be determined from the given information.
Correct Answer:
Verified
Q5: When computing the cost of the basket
Q11: In calculating the CPI,a fixed basket of
Q14: The CPI is calculated
A)monthly by the Department
Q15: Consider a small economy in which consumers
Q16: What basket of goods and services is
Q18: In the calculation of the CPI,books are
Q23: The inflation rate is calculated
A)by determining the
Q147: The steps involved in calculating the consumer
Q150: For any given year, the CPI is
Q155: The CPI is calculated
A)weekly.
B)monthly.
C)quarterly.
D)yearly.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents