The following are the Consumer Price Index (CPI) for the years 1991-1993. All of the values use a reference year of 1986.
Year CPI
1991 110
1992 120
1993 135
Which of the following is true about the CPI, based on the information?
A.)
$100 in 1992 would have been worth $100 in 1986.
B.)
$100 in 1993 would be equivalent to $120 in 1992.
C.)
$100 in 1986 would be equivalent to $135 in 1993.
D.)
$100 in 1991 would have been worth $110 in 1986