Question
Asked Sep 25, 2019
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  1. If the consumer price index was 96 in 2012, 100 in 2013, and 102 in 2014, then the base year must be

 

a. 

2012.

 

b. 

2013.

 

c. 

2014.

 

d. 

The base year cannot be determined from the given information.

i believe the answer is B, i just dont understand why

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Expert Answer

Step 1

The answer is option B &ndash...

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Business

Economics

Inflation

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