The Consumer Price indux (CPI) lo currently published witlh a ruforenco value of 100 for the years 1982-1984. Suppose the CPI were As recaiculated with 1995 as the reference yoar What would the CPI for 2012 be? Explain your reasoning Average Annual Consumer Price Index (CPI) (1982-1984-100) Sti CPI Year CPI Year 1989 1990 CPI Year 1976 124.0 1771 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 569 130 7 136.2 140.3 144.5 148 2 152.4 156 9 160.5 163.0 166 6 1722 1/9.9 184.0 186.9 196.3 2016 Sti 60 6 1977 1978 1979 1980 1981 1982 1983 1984 1985 Choose the correct answer below. 65 2 1991 O A. The CP would be the same (229 G) as it is with 1982-1984 as the reler ence poriod, because the now index is equal to 100. 72.6 82.4 90 9 965 1992 1993 1994 1995 1996 eT O B. The CPl would be greater than 229.6, because the new index is less than 100 2073 2153 214.5 218.1 224.9 229 6 Ch OC. Ihe CPI would he less than 229.6., bocause the new indux la greater than 100 99.6 O D. The CPI would be gruater than 229.6, because the new index is grealer than 100 103 9 107 6 109 6 113.6 118 3 1997 Ac 1998 1986 1967 1988 1999 2000 Sti To

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Chapter6: Tracking The U.s. Economy
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Problem 4.9P
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Average Annual
Consumer Price Index (CPI)
(1982 - 1984 - 100)
As
The Consumer Price Index (CPI) Is currently published willh a reforenco value of 100 for the years 1982-1984. Suppose the CPI were
recalculated with 1995 as the reference yoar. What would the CPI for 2012 be? Explain your reasoning.
Sti
CPI
124.0
Year
CPI
Year
Year
CPI
56.9
1989
2001
177 1
1976
2002
179.9
130 7
136.2
140.3
144.5
148 2
Sti
Choose the correct answer below.
1977
60 6
1990
65.2
1991
2003
184.0
1978
O A. The CPl would be the same (229.6) as it is with 1982-1984 as the reler ence period, because the now index is equal to 100.
188.9
2004
72.6
82.4
90 9
1992
1993
1979
eT
2005
195.3
1980
1981
1982
1983
O B. The CPl would be greater than 229.6, because the new index is less than 100
201.6
1994
2006
2007
2073
O C. The CPI would be less than 229.6, because the new index Is greater than 100.
152.4
156 9
96.5
1995
Ch
1996
2008
215.3
O D. The CPI would be greater than 229.6, because tho new index is grealar than 100
99.6
103.9
2009
214.5
160.5
163.0
166.6
172.2
1984
1997
Ac
107.6
1998
2010
218.1
1985
224.9
2011
2012
1986
1987
1988
109.6
1999
229.6
113.6
118 3
2000
Sti
To
Transcribed Image Text:Average Annual Consumer Price Index (CPI) (1982 - 1984 - 100) As The Consumer Price Index (CPI) Is currently published willh a reforenco value of 100 for the years 1982-1984. Suppose the CPI were recalculated with 1995 as the reference yoar. What would the CPI for 2012 be? Explain your reasoning. Sti CPI 124.0 Year CPI Year Year CPI 56.9 1989 2001 177 1 1976 2002 179.9 130 7 136.2 140.3 144.5 148 2 Sti Choose the correct answer below. 1977 60 6 1990 65.2 1991 2003 184.0 1978 O A. The CPl would be the same (229.6) as it is with 1982-1984 as the reler ence period, because the now index is equal to 100. 188.9 2004 72.6 82.4 90 9 1992 1993 1979 eT 2005 195.3 1980 1981 1982 1983 O B. The CPl would be greater than 229.6, because the new index is less than 100 201.6 1994 2006 2007 2073 O C. The CPI would be less than 229.6, because the new index Is greater than 100. 152.4 156 9 96.5 1995 Ch 1996 2008 215.3 O D. The CPI would be greater than 229.6, because tho new index is grealar than 100 99.6 103.9 2009 214.5 160.5 163.0 166.6 172.2 1984 1997 Ac 107.6 1998 2010 218.1 1985 224.9 2011 2012 1986 1987 1988 109.6 1999 229.6 113.6 118 3 2000 Sti To
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