Business, 16.04.2020 01:05 milkshakegrande101

Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 2012, the basket’s cost was $50; in 2014, the basket’s cost was $51; and in 2016, the basket’s cost was $52. The value of the CPI in 2014 was:

a. 98.0.
b. 102.0
c. 104.0
d. 151.0

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Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been sele...

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