Page 1 of 1
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
Posted: Thu May 19, 2022 9:10 am
by answerhappygod
- 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 (31.39 KiB) Viewed 111 times
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