A Price Index in Its Base Year

question 128

Multiple Choice

A price index in its base year:

• A)is always greater than 100.
• B)is always equal to 100.
• C)is always less than 100.
• D)cannot be determined without knowing the price level in the base year.

---

Definitions:

Speaker of the House

The presiding officer of the United States House of Representatives, responsible for leading the House's legislative business and representing the body.

Congressional Enactments

Laws and regulations that have been formally approved and passed by both houses of Congress.

Federalists

Members of a political party or movement in the late 18th and early 19th centuries in the United States that supported a strong central government, the ratification of the U.S. Constitution, and an expansive interpretation of federal government powers.

National Government

The national government refers to the government of a whole nation, as opposed to subnational or local governments, and is responsible for the governance of a country.