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Q 06. Suppose a basket of goods and services has been selected to calculate the CPI, and 2012 has been chosen as the base year. In 2012, the basket's cost was $80.00; in 2013, the basket's cost was $84; and in 2014, the basket's cost was $87.60. The value of the CPI was: Ops: A. O100 in 2012 B. O 105 in 2013 C. O 109.5 in 2014 D. O All of the above are correct

Q 06. Suppose a basket of goods and services has been selected to calculate the CPI, and 2012 has been chosen as the base year. In 2012, the basket's cost was $80.00; in 2013, the basket's cost was $84; and in 2014, the basket's cost was $87.60. The value of the CPI was: Ops: A. O100 in 2012 B. O 105 in 2013 C. O 109.5 in 2014 D. O All of the above are correct

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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Q 06. Suppose a basket of goods and services has been selected to calculate the CPI, and 2012 has been chosen as the base year. In 2012, the basket's cost was $80.00; in 2013, the basket's cost was $84; and in 2014, the basket's cost was $87.60. The value of the CPI was: Ops: A. O 100 in 2012 B. O 105 in 2013 C. O 109.5 in 2014 D. O All of the above are correct
Transcribed Image Text:Q 06. Suppose a basket of goods and services has been selected to calculate the CPI, and 2012 has been chosen as the base year. In 2012, the basket's cost was $80.00; in 2013, the basket's cost was $84; and in 2014, the basket's cost was $87.60. The value of the CPI was: Ops: A. O 100 in 2012 B. O 105 in 2013 C. O 109.5 in 2014 D. O All of the above are correct
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