If the CPI basket of goods cost $200 in the reference base period and $450 in a later year, the CPI in the later year equals
A) 450.
B) 225.
C) 300.
D) 250.

Name: If the CPI basket of goods cost $200 in the reference base period and $450 in a later year, the CPI in the later year equals A) 450. B) 225. C) 300. D) 250.
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Quizplus · Accepted Answer

The CPI is calculated as (Cost in later year / Cost in base year) * 100. So, (450 / 200) * 100 = 225.

If the CPI Basket of Goods Cost $200 in the Reference