Q 06. Suppose a basket of goods and services has been selected to calculate the CPI, and 2012 has been chosen as the base year. In 2012, the basket's cost was $80.00; in 2013, the basket's cost was...

Extracted text: Q 06. Suppose a basket of goods and services has been selected to calculate the CPI, and 2012 has been chosen as the base year. In 2012, the basket's cost was $80.00; in 2013, the basket's cost was $84; and in 2014, the basket's cost was $87.60. The value of the CPI was: Ops: A. O 100 in 2012 B. O 105 in 2013 C. O 109.5 in 2014 D. O All of the above are correct