The formula for the CPI is A) (Cost of CPI market basket at ...

[sheilaspns]

The formula for the CPI is
 
  A) (Cost of CPI market basket at base period prices  Cost of CPI market basket at current period prices)  100.
  B) (Cost of CPI market basket at current period prices  Cost of CPI market basket at base period prices)  100.
  C) (Cost of CPI market basket this year  Cost of CPI market basket at base period prices)  100.
  D) (Cost of CPI market basket this year  Cost of CPI market basket at base period prices)  100.
  E) (Cost of CPI market basket at current period prices  Cost of CPI market basket at next year's prices)  100.

Question 2

According to this Application, if you earn a salary of 40,000 in the first year and all prices triple in the next 10 years, what will your nominal annual salary be in 10 years?
 
  A) 20,000 B) 60,000 C) 120,000 D) 180,000

[Brenm]

Answer to Question 1

B

Answer to Question 2

C

[sheilaspns]

TYSM

[sultansheikh]

Thanks for the timely response, appreciate it