-Refer to Table 6.10. If 1999 is the base year, the price index in 2000 is:
A) 89.2.
B) 102.4.
C) 100.9.
D) 101.4.

Name: -Refer to Table 6.10. If 1999 is the base year, the price index in 2000 is: A) 89.2. B) 102.4. C) 100.9. D) 101.4.
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Question

-Refer to Table 6.10. If 1999 is the base year, the price index in 2000 is:
A) 89.2. 
B) 102.4. 
C) 100.9. 
D) 101.4.

Quizplus · Accepted Answer

The price index for a year is calculated by comparing the prices in that year to the base year. If 1999 is the base year, the price index in 2000 would be slightly above 100 if prices increased, which matches option D, 101.4.