A country reports the total expenditures on the fixed CPI basket for the past three years. The cost of the CPI basket in 2010 wa

Question

3 years ago

10

A country reports the total expenditures on the fixed CPI basket for the past three years. The cost of the CPI basket in 2010 wa

s $23,000, the cost of the CPI basket for the reference base period, 2011, was $23,805, and the cost of the CPI basket in 2012 was $24,500. The CPI for 2012 is A. 106.5. B. 97.2. C. 245.0. D. 102.9. E. 93.9.

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1 answer:

Pavel [41] · Answer 1 · 2022-09-15T15:40:28+03:00

Pavel [41]3 years ago

8 0

Answer:

97.2

Explanation:

The reason is that they want you to add 2012 from 2011 to get your answer of 9.65 then you would round up to 97 then add the .2.