7. Remember that the CPI is always set equal to 100 in the base year. Suppose a basket of goods and services has been se

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7. Remember that the CPI is always set equal to 100 in the base year. Suppose a basket of goods and services has been se

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7 Remember That The Cpi Is Always Set Equal To 100 In The Base Year Suppose A Basket Of Goods And Services Has Been Se 1
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7. Remember that the CPI is always set equal to 100 in the base year. Suppose a basket of goods and services has been selected to calculate the CPI and 2014 has been selected as the base year. In 2013, the basket's cost was $80; in 2014, the basket's cost was $86; and in 2015, the basket's cost was $90. The value of the CPI in 2015 was
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