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A country reports the total expenditures on the fixed CPI basket for the past three years. The cost of the CPI basket in 2010 was​ $23,000, the cost of the CPI basket for the reference base​ period, 2011,
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A country reports the total expenditures on the fixed CPI basket for the past three years. The cost of the CPI basket in 2010 was​ $23,000, the cost of the CPI basket for the reference base​ period, 2011, was​ $23,805, and the cost of the CPI basket in 2012 was​ $24,500. The CPI for 2012 is A. 106.5. B. 97.2. C. 245.0. D. 102.9. E. 93.9.

User P H
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Answer:

97.2

Step-by-step explanation:

The reason is that they want you to add 2012 from 2011 to get your answer of 9.65 then you would round up to 97 then add the .2.

User Rikalous
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