The price index for the current year is 180, which means that, on average, prices in the current year are
A) $.80 higher than prices in the base year.
B) $1.80 higher than prices in the base year.
C) 80 percent of prices in the base year.
D) 180 percent higher than prices in the base year.
E) 80 percent higher than prices in the base year.
Correct Answer:
Verified
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