If the price index is 100 this year,then:
A)there has been no inflation during the year.
B)the price level is thrice as it was in the base year.
C)the price level is one hundred times what it was in the base year.
D)the price level is double what it was in the base year.
E)the inflation rate has been 100 percent since the base year.

Question

Quizplus · Accepted Answer

A price index of 100 indicates that the price level is the same as the base year, meaning there has been no change in the price level or inflation during the year.

If the Price Index Is 100 This Year,then