Suppose the consumer price index (CPI) for Year X is 130. This means the average price of goods and services is:
A. currently $130.
B. 130 percent more in Year X than in the base year.
C. 130 percent more in the base year than in Year X.
D. priced at 30 percent more in Year X than in the base year.
Answer: D
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a. 1935
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c. 1960
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