Business, 09.09.2019 23:20 sis2depoxd8mj

Suppose that the total expenditures for a typical household in 2000 equaled $5,500 per month, while the cost of purchasing exactly the same items in 2005 was $6,875. if 2000 is the base year, the cpi for the year 2005 equals:
a. 0.80
b. 1.00
c. 1.20
d. 1.25

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