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Econ Ch. 7-8 & 16 > Practice Ch 8 Questions > Flashcards

Practice Ch 8 Questions Flashcards

1
Q

If CPI in the year 2000 was 100, then a CPI that equals 134 in 2015 means that:

A

the average level of prices is 34 percent higher in 2015 than in 2000, which was the base year.

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Econ Ch. 7-8 & 16 (4 decks)

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