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The following shows the Consumer Price Index (CPI) for the years 1990–1992. All of the values use a reference year of 1985.
Year CPI
1990 114
1991 130
1992 145
Which of the following is true about the CPI, based on the information?
a.)
$100 in 1990 would have been worth $114 in 1985.
b.)
$100 in 1991 would have been worth $100 in 1990.
c.)
$100 in 1992 would be equivalent to $130 in 1991.
d.)
$100 in 1985 would be equivalent to $145 in 1992.
Sagot :
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