A price index
A) is a mechanism to compare all prices in two different years.
B) is the ratio of the price of a market basket in one year to the price of the market basket in the previous year times 100.
C) is the ratio of the price of a market basket in one year to the price of the market basket in a base year times 100.
D) is a mechanism to compare all prices in two different years and the ratio of the price of a market basket in one year to the price of the market basket in the previous year times 100.
Correct Answer:
Verified
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