If the purchasing power of a dollar measured in terms of the base year was $1, what was the price index?
A) 238
B) 244
C) 41
D) 42
E) 100

Name: If the purchasing power of a dollar measured in terms of the base year was $1, what was the price index? A) 238 B) 244 C) 41 D) 42 E) 100
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Quizplus · Accepted Answer

If the purchasing power of a dollar measured in terms of the base year was $1, then the price level must be the same as the base year, which is 100. Therefore, the price index is 100.

If the Purchasing Power of a Dollar Measured in Terms