Suppose the Consumer Price Index is 143.6. What does that number mean?
A. On average, goods cost $143.60.
B. On average, goods cost $243.60.
C. Prices rose 143.6 percent over the reference base period, on average.
D. Prices rose 43.6 percent over the reference base period, on average.
Answer:D
Suppose the Consumer Price Index is 143.6. What does that number mean?
A. On average, goods cost $143.60. B. On average, goods cost $243.60. C. Prices rose 143.6 percent over the reference base period, on average. D. Prices rose 43.6 percent over the reference base period, on average.