Answered

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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

Sagot :

It would be c. Because the average would come out to 100 in 93 and 120 in 92
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