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The following are the Consumer Price Index (CPI) for the years 1995-1997. All of the values use a reference year of 1990. Year CPI 1995
The following are the Consumer Price Index (CPI) for the years 1995-1997. All of the values use a reference year of 1990. Year CPI 1995 114 1996 128 1997 143 Which of the following is true about the CPI, based on the information? a.) $100 in 1997 would be equivalent to $143 in 1996. b.) $100 in 1990 would be equivalent to $143 in 1997. c.) $100 in 1995 would have been worth $114 in 1990. d.) $100 in 1996 would have been worth $100 in 1995
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