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Suppose a basket of goods and services has been selected to calculate the CPI and 2002 has been chosen as the base year. In 2002,
- Suppose a basket of goods and services has been selected to calculate the CPI and 2002 has been chosen as the base year. In 2002, the basket's cost was $76.00; in 2004, the basket's cost was $79.50; in 2006, the basket's cost was $85.00; and in 2008, the basket's cost was $96. Based on the information, we know that the CPI was 100 in _______
Group of answer choices
A) 2008
B) 2006
C) 2004
D) 2002
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