-In 2008, consumers in Dexter consumed only books and pens. The prices and quantities for 2008 and 2009 are listed in the table above. The reference base period for Dexter's CPI is 2008. What is the CPI in 2008?
A) 1.00
B) 320
C) 100
D) 3.20

Question

-In 2008, consumers in Dexter consumed only books and pens. The prices and quantities for 2008 and 2009 are listed in the table above. The reference base period for Dexter's CPI is 2008. What is the CPI in 2008?
A) 1.00 
B) 320 
C) 100 
D) 3.20

Quizplus · Accepted Answer

The Consumer Price Index (CPI) for the base year is always 100.

-In 2008, Consumers in Dexter Consumed Only Books and Pens