The consumer price index (CPI) was 180 for 2009 when using 1995 as the base year (1995 = 100). Now suppose we switch and use 2009 as the base year (2009 = 100). What is the CPI for 1995 with the new base year?
a. 18.0
b. 111.2
c. 80.0
d. 55.6
Answer: D
FIN 201
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