If the CPI is 200,then the price level has _____ since the base year.
A)doubled
B)quadrupled
C)tripled
D)increased five times
E)increased six times

Question

Quizplus · Accepted Answer

A CPI of 200 means that prices have doubled since the base year (which typically has a CPI of 100). The CPI is a measure of the average price level of a basket of goods and services over time, so a higher CPI indicates higher prices overall.

If the CPI Is 200,then the Price Level Has _____