(Solution) If The Consumer Price Index In June 2006 Was 159.3 (1982-84=100), What Does This Indicate About Prices From 1982-84 To June 2006? | Snapessays.com


(Solution) If the Consumer Price Index in June 2006 was 159.3 (1982-84=100), what does this indicate about prices from 1982-84 to June 2006?


If the Consumer Price Index in June 2006 was 159.3 (1982-84=100), what does this indicate about prices from 1982-84 to June 2006?

 

A. Rose 59.3%

 

B. Rose 100%

 

C. Rose 159.3%

 

Declined 159.3%

 

I believe the answer is (A)rose 59.3% but I am not sure. Please help and provide in layman's terms why this answer is or is not correct and how to find and/or ascertain an increase or decrease.

 


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This question was answered on: May 23, 2022

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