If the index of prices paid by farmers is 140 and the index of prices received by farmers is 140, then the parity price ratio would equal

Question

Quizplus · Accepted Answer

The parity price ratio is calculated by dividing the index of prices received by farmers by the index of prices paid by farmers and then multiplying by 100. If both indexes are 140, the calculation is (140 / 140) * 100 = 100.

If the Index of Prices Paid by Farmers Is 140