The Consumer Price Index (CPI) is a weighted average of the cost of certain categories of goods and services in the United States. It is one of the most widely used measures of inflation. According to the U.S. Census Bureau, the CPI was 130.7 in 1990 and was 218.1 in 2010. If the CPI continues to experience the same percent increase over the next 20 years, approximately what will the CPI be in 2030?
A. 145.8
B. 305.5
C. 363.9
D. 408.7
Answer:C
The Consumer Price Index (CPI) is a weighted average of the cost of certain categories of goods and services in the United States. It is one of the most widely used measures of inflation. According to the U.S. Census Bureau, the CPI was 130.7 in 1990 and was 218.1 in 2010. If the CPI continues to experience the same percent increase over the next 20 years, approximately what will the CPI be in 2030?
A. 145.8 B. 305.5 C. 363.9 D. 408.7
Explanation: C