Suppose the current price of DVDs is $16, while its base-year price is $11.50.The value of the price index for the current year is approximately:
A)139
B)39
C)25
D)160
E)172

Name: Suppose the current price of DVDs is $16, while its base-year price is $11.50.The value of the price index for the current year is approximately: A)139 B)39 C)25 D)160 E)172
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Question

Quizplus · Accepted Answer

The price index is calculated as (Current Price / Base Year Price) * 100. So, (16 / 11.50) * 100 = 139.13, approximately 139.

Suppose the Current Price of DVDs Is $16, While Its