The formula for finding the change in CPI is [(new-old)/old] for different baskets of goods and services. What is the change in the CPI if the new price for transportation services is $100 and the old price was $80? A. 25% В. 15% С. 10%
The formula for finding the change in CPI is [(new-old)/old] for different baskets of goods and services. What is the change in the CPI if the new price for transportation services is $100 and the old price was $80? A. 25% В. 15% С. 10%
Chapter1: Making Economics Decisions
Section: Chapter Questions
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![The formula for finding the change in CPI is
[(new-old)/old] for different baskets of goods
and services. What is the change in the CPI if
the new price for transportation services is
$100 and the old price was $80?
А. 25%
В. 15%
С. 10%
- 2021 Acellus Corporation. All Rights Reserved.
72 F](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F657b0f2c-505d-4f01-9591-bc88ec786b35%2Fa001dd3d-ce69-47a9-ba67-a0dc30c4356b%2Frcdmd9c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The formula for finding the change in CPI is
[(new-old)/old] for different baskets of goods
and services. What is the change in the CPI if
the new price for transportation services is
$100 and the old price was $80?
А. 25%
В. 15%
С. 10%
- 2021 Acellus Corporation. All Rights Reserved.
72 F
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