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The following shows the Consumer Price Index (CPI) for the years 2000-2005. All of the values use a reference year of 1983. Which of the
The following shows the Consumer Price Index (CPI) for the years 2000-2005. All of the values use a reference year of 1983.
Which of the following is true about the CPI, based on the information?
- $100 in 2000 would be equivalent to $183.70 in 2003.
- $100 in 2001 would have been worth 189.70 in 1983.
- $100 in 1983 would be equivalent to $172.40 in 2000.
- $100 in 2005 would be equivalent to $194.50 in 1983.
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