The Formula for Calculating a Price Index Is

question 13

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.
• C)(base period ÷ current period)× value of the market basket.
• D)percentage change in current cost of basket ÷ percentage change in base-period cost of basket.

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