The formula for the CPI is
A) (Cost of CPI market basket at base period prices ÷ Cost of CPI market basket at current period prices) × 100.
B) (Cost of CPI market basket at current period prices - Cost of CPI market basket at base period prices) × 100.
C) (Cost of CPI market basket at base period prices - Cost of CPI market basket at current period prices) × 100.
D) (Cost of CPI market basket at current period prices ÷ Cost of CPI market basket at base period prices) × 100.
E) (Cost of CPI market basket at current period prices + Cost of CPI market basket at base period prices) × 100.
Correct Answer:
Verified
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