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
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
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 4.9P
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