Question: Use the table below to answer the question that follows. Year CPI 1 100 2 110 3 85 4 150 5 105 If year 1
Use the table below to answer the question that follows. Year CPI 1 100 2 110 3 85 4 150 5 105 If year 1 is the base year, what does the CPI in year 5 mean? The CPI in year 5 means the price of the market basket increased by 5% from the fourth year. The CPI in year 5 means the price of the market basket increased by 5% from the base year. The CPI in year 5 means the price of the market basket decreased by 5% from the fourth year. The CPI in year 5 means the price of the market basket decreased by 5% from the base year
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