The Formula for Calculating a Price Index Is

question 8

Multiple Choice

The formula for calculating a price index is:

• A) current cost of basket ÷ base-period cost of basket.
• B) base-period cost of basket ÷ current cost of basket × 100.
• C) (base-period cost of basket ÷ current cost of basket) × current nominal value of basket.
• D) percentage change in current cost of basket ÷ percentage change in base-period cost of basket.

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