When we are calculating the consumer price index and the inflation rate for a certain year,
A) the value of the consumer price index may depend on the choice of a base year,but the inflation rate does not depend on the choice of a base year.
B) the inflation rate may depend on the choice of a base year,but the value of the consumer price index does not depend on the choice of a base year.
C) both the value of the consumer price index and the inflation rate may depend on the choice of a base year.
D) neither the value of the consumer price index nor the inflation rate depends on the choice of a base year.
Correct Answer:
Verified
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