Advanced Placement (AP)

If 2012 is the base year, which of the following is true? a
Based on the CPI , the average real weekly wage rate increased by 10% from 2012 to 2013.
b
The CPI in year 2013 is 110.
c
The inflation rate from 2012 to 2013 is 10%.
d
The CPI in year 2013 is 120.

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Answers: 2

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If 2012 is the base year, which of the following is true? a
Based on the CPI , the average re...

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