Question

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. $37; $100 $137; $37 $100; $137 $137; $100

Answer 1

D. $137; $100
The base year cost is $100. 37% of this is $37 so the total cost of the basket of goods is $137.