Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6
-Refer to Table 22.6. If 2015 is the base period, the price index in 2014 is
A) 81.2.
B) 86.8.
C) 118.8.
D) 123.2.

Question

Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6 
-Refer to Table 22.6. If 2015 is the base period, the price index in 2014 is
A) 81.2. 
B) 86.8. 
C) 118.8. 
D) 123.2.

Quizplus · Accepted Answer

The price index in 2014 is 81.2, which is the base period index multiplied by the relative price in 2014.

Refer to the Information Provided in Table 22