Refer to the information provided in Table 7.4 below to answer the questions that follow.
Table 7.4

-Refer to Table 7.4.If 2008 is the base year,the price index in 2012 is

Question

Refer to the information provided in Table 7.4 below to answer the questions that follow.
Table 7.4
 
-Refer to Table 7.4.If 2008 is the base year,the price index in 2012 is

Quizplus · Accepted Answer

To calculate the price index, we divide the cost of the basket of goods in a particular year by the cost of the same basket of goods in the base year (2008 in this case) and multiply by 100. For example, the price index in 2012 would be (39.6/28.2) x 100 = 140.2. Therefore, the correct answer is D.

Refer to the Information Provided in Table 7