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Suppose the CPI for This Year Is 133

Question 57

Multiple Choice

Suppose the CPI for this year is 133.7.This number means that


A) on average,goods cost $133.70 each this year.
B) prices rose 33.7 percent over the last year.
C) prices rose 133.7 percent over the base year.
D) prices rose 33.7 percent over the base year.
E) prices rose 133.7 percent over the last year.

Correct Answer:

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