The Current Cost of a Market Basket of Goods Is

question 97

Multiple Choice

The current cost of a market basket of goods is $6000.The cost of the same basket of goods in the base year was $4000.What is the current price index?

• A)133
• B)150
• C)160
• D)600

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Definitions:

Frequency

The rate at which something occurs over a particular period of time, often used in the context of waves, sound, and electromagnetic radiation.

Wavelength

The distance between successive crests of a wave, especially points in a sound wave or electromagnetic wave.

Frequency

The number of occurrences of a repeating event per unit of time, often used in the context of waves or vibrations.

Wavelength

The distance between two consecutive peaks or troughs in a wave, which determines its color in the spectrum of visible light or its properties in other types of waves.