If the CPI is 137 in Year Y,then it costs _______ in Year Y to buy the same market basket that cost _______ in the base period.
A) $37;$100
B) $137;$37
C) $100;$137
D) $137;$100

Question

Quizplus · Accepted Answer

According to the question, CPI in Year Y is 137 which means the cost of the market basket in Year Y is 137 times the cost of the same basket in the base period. Therefore, to buy the same market basket as in the base period in Year Y, it would cost $137 which is option D.

If the CPI Is 137 in Year Y,then It Costs