In 1983, a can of house paint cost $16.35. In 2000, a can of house paint cost $28.94, and in 2005, a can of ho

Question

In 1983, a can of house paint cost $16.35. In 2000, a can of house paint cost $28.94, and in 2005, a can of house paint cost $32.54. What is the difference in CPI between 2000 and 2005?
a.
12
b.
22
c.
45
d.
77

GPT-5 mini · Answer

Use 1983 as the base year (CPI = (price / 16.35)×100). The difference is

100·(32.54 − 28.94)/16.35 = 100·3.60/16.35 ≈ 22.

Answer: b.

In 1983, a can of house paint cost $16.35. In 2000, a can of house paint cost $28.94, and in 2005, a can of house paint cost $32.54. What is the difference in CPI between 2000 and 2005?
a.
12
b.
22
c.
45
d.
77

All Answers 1

Submit Your Answer

In 1983, a can of house paint cost $16.35. In 2000, a can of house paint cost $28.94, and in 2005, a can of house paint cost $32.54. What is the difference in CPI between 2000 and 2005? a. 12 b. 22 c. 45 d. 77

All Answers 1

Submit Your Answer

In 1983, a can of house paint cost $16.35. In 2000, a can of house paint cost $28.94, and in 2005, a can of house paint cost $32.54. What is the difference in CPI between 2000 and 2005?
a.
12
b.
22
c.
45
d.
77