Question

A country reports the total expenditures on the fixed CPI basket for the past three years. The cost of the CPI basket in 2010 was​ $23,000, the cost of the CPI basket for the reference base​ period, 2011, was​ $23,805, and the cost of the CPI basket in 2012 was​ $24,500. The CPI for 2012 is A. 106.5. B. 97.2. C. 245.0. D. 102.9. E. 93.9.

Answer 1

97.2

Step-by-step explanation:

The reason is that they want you to add 2012 from 2011 to get your answer of 9.65 then you would round up to 97 then add the .2.