Use the Following to Answer Questions

question 117

Multiple Choice

Use the following to answer questions .
Exhibit: Market Basket for a Typical College Student

-(Exhibit: Market Basket for a Typical College Student) Suppose the base year is 2008. What is the value of the price index in 2007?

• A) 0.88
• B) 1.14
• C) 3.42
• D) 3.90

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