Question

The formula for the ______ Price Index is the price of the most recent market basket in a particular year divided by the price estimate of the market basket in 1982-1984 multiplied by 100.

Answer 1

The formula for the Consumer Price Index (CPI) is the price of the most recent market basket in a particular year divided by the price estimate of the market basket in 1982-1984 multiplied by 100.

Step-by-step explanation:

The formula for the Consumer Price Index (CPI) is the price of the most recent market basket in a particular year divided by the price estimate of the market basket in 1982-1984 multiplied by 100.