If the cost of a market basket is $200 in year 1 and $230 in year 2, the price index for year 2 using year 1 as the base is:
A) 100.
B) 115.
C) 130
D) 200.
Correct Answer:
Verified
Q223: The inflation or deflation rate is:
A)the change
Q224: Use the following to answer questions:
Scenario: Price
Q225: Use the following to answer questions :
Table:
Q226: Use the following to answer questions:
Scenario: Price
Q227: The aggregate price level is the:
A)average price
Q229: Use the following to answer questions :
Q230: Use the following to answer questions:
Scenario: Price
Q231: Use the following to answer questions :
Table:
Q232: A price index:
A)always includes a base year.
B)measures
Q233: Inflation can be measured by the:
A)percentage change
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