Question

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!Type the CORRECT answer in the box.

Round your answer to the nearest hundredth, if necessary.A basket of goods costs $85 in year 1. If the same basket costs $90 in year 2, what is the CPI for year 2?

The CPI for year 2 is ___.

Answer 1

Answer:

105.88

Explanation:

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation.

CPI = Current year price / base year price x 1000

90/85 x 100 = 105.88