The consumer price index for the current year measures the cost of a standard basket in the ________ year relative to the cost of the same basket in the ________ year.
A) current;base
B) current;current
C) base;index
D) base;current
E) base;base

Question

Quizplus · Accepted Answer

The consumer price index (CPI) measures the cost of a standard basket of goods and services in the current year relative to the cost of the same basket in the base year.

The Consumer Price Index for the Current Year Measures the Cost