Business, 07.06.2021 16:10 Geo777

The following are the Consumer Price Index (CPI) for the years 1991-1993. All of the values use a reference year of 1986. Year CPI
1991 110
1992 120
1993 135

Which of the following is true about the CPI, based on the information?

a. $100 in 1986 would be equivalent to $135 in 1993.
b. $100 in 1992 would have been worth $100 in 1986.
c. $100 in 1991 would have been worth $110 in 1986.
d. $100 in 1993 would be equivalent to $120 in 1992.

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The following are the Consumer Price Index (CPI) for the years 1991-1993. All of the values use a re...

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