You Decide You Want to Compare Your Average Price Level

question 23

Multiple Choice

You decide you want to compare your average price level for what you spend on entertainment.Last year, which you decide will be the base year, your spent $50 for a concert, $15 per movie, and $25 for a dinner out.This year, these same activities cost $75, $20, and $40, respectively.Calculate your entertainment index in the base year.

• A)1
• B)100
• C)1.5
• D)150

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