If 2011 is the base year,the bundle price of goods in 2011 is $500,and the bundle price of goods in 2012 is $700,the 2012 price index is

Name: If 2011 is the base year,the bundle price of goods in 2011 is $500,and the bundle price of goods in 2012 is $700,the 2012 price index is
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Quizplus · Accepted Answer

The price index is calculated by dividing the bundle price in 2012 by the bundle price in 2011 and then multiplying by 100. So, (700/500) * 100 = 140.0.

If 2011 Is the Base Year,the Bundle Price of Goods