The formula for calculating the CPI is
A) (expenditures in the current year/expenditures in the base year) × 100.
B) (expenditures in the current year × expenditures in the base year) /100.
C) (expenditures in the base year/expenditures in the current year) .
D) (expenditures in the base year × 100) /(expenditures in the current year) .
E) (expenditures in the current year) /(average of base year and current year expenditure) × 100.
Correct Answer:
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