QUESTION 7 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 $100; in 2014, the basket's cost was $102; and in 2016, the basket's cost was $104. The value of the CPI in 2014 was a. 98.0. b. 102.0. C. 104.0. d. 151.0. O a O b O c O d

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A:

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