(Table 4: Market Basket Prices in Macroland) Table 4 shows the cost of a given market basket of goods and services in Macroland over a four-year period. Use this market basket to compute the price index for year 4 if the base year is year 1. The year 4 price index is:
A) 107.
B) 110.
C) 4.7%.
D) 10.0%.
Correct Answer:
Verified
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