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Assume That There Was a 10 Percent Increase in the Price

Question 236

Multiple Choice

Assume that there was a 10 percent increase in the price of all goods in 2010; if the base year is 2009, then the price index in 2010 will be


A) 90.
B) 110.
C) 200.
D) 1100.

Correct Answer:

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