A product that cost $250 in the base year costs $300 this year. The price index number for this year is:
A) 50.0.
B) 83.0
C) 120.0.
D) 150.0.
Correct Answer:
Verified
Q180: Which of the following statements is true?
A)
Q181: Inflation coming from the buyers' side of
Q182: The base year in a price index
Q183: If this year's price index number for
Q184: If a product cost $600 in the
Q186: Deflation refers to:
A) a decrease in output
Q187: For economic growth to occur, an economy
Q188: Probably the most important factor leading to
Q189: Which of the following statements about GDP
Q190: Real GDP for 2006 is equal to:
A)
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