The country of Old Jersey produces milk and butter, and it has published the following macroeconomic data, where quantities are in gallons and prices are dollars per gallon:
Between 2001 and 2002, the percent change in the price level as measured by a fixed-weight index That uses production in 2001 as the fixed "basket"
Of goods was
A) 60.00%.
B) 81.25%.
C) 83.33%.
D) 123.08%.
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Correct Answer:
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