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To determine the consumer price index (CPI), _____. a. only the current market basket at current prices needs to be known. b. the values of the base-year market basket at current and base-year prices need to be known. c. the values of the current market basket at current and base-year prices need to be known. d. only the current market basket at base-year prices needs to be known. e. the values of the current market basket at current prices and the base-year market basket at base-year prices need to be known.

Respuesta :

Tundexi

Answer:

e. The values of the current market basket at current prices and the base-year market basket at base-year prices need to be known

Explanation:

The formula of Consumer Price Index (CPI) is: Current year price of basket consisting of many goods / Base year price of basket consisting of many goods.

The result obtained from the above formula is multiplied by 100 to get final answer in percentage form. So, Option E is the correct option.

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