The Consumer Price Index (1982-84 = 100) reports a CPI in August 2010 for Energy as 212.372. What is the percentage change in the price of energy compared to the base?
A) Increased 112.372 percent
B) Decreased 112.372 percent
C) Increased 212.372 percent
D) Decreased 212.372 percent

Question

Quizplus · Accepted Answer

The percentage change is calculated based on the difference from the base value (100) to the new value (212.372). The change is 212.372 - 100 = 112.372, which is an increase of 112.372 percent from the base.

The Consumer Price Index (1982-84 = 100) Reports a CPI