If the CPI is 100 in the base year and 106 in the current year,how much did prices rise between the base year and the current year?
A) 6 percent
B) 106 percent
C) 1.06 percent
D) 0.06 percent
E) 60 percent

Question

Quizplus · Accepted Answer

The CPI is a measure of the average change in prices of goods and services over time. If the CPI is 100 in the base year and 106 in the current year, it means that prices have increased by 6% (106-100=6). Therefore, the correct choice is A, which represents a 6% increase in prices.

If the CPI Is 100 in the Base Year and 106