Business, 10.03.2020 21:22 cheesecake1919

Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 2012, the basket's cost was $77; in 2013, the basket's cost was $82; and in 2014, the basket's cost was $90. The value of the CPI in 2014 was:

A) 109.8 and the inflation rate was 16.9%

B) 116.9 and the inflation rate was 16.9%

C) 116.9 and the inflation rate was 9.8%

D) 109.8 and the inflation rate was 9.8%

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Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been sele...