Question 11 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
Using 1983 as the base year, calculate each CPI as the can’s price divided by the 1983 price, then multiply by 100. The difference is (32.54 − 28.94) ÷ 16.35 × 100 ≈ 22. So the CPI difference is 22, choice B.
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