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Assume an Economy That Is Producing Only One Product Refer to the Data

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Assume an economy that is producing only one product.Output and price data for a three-year period are as follows.Answer the question on the basis of these data.  Year 123 Units ofOutput202530Price PerUnit$446\begin{array}{c}\begin{array}{c}\\\underline{\text { Year }} \\1 \\2 \\3\end{array}\begin{array}{c}\text { Units of}\\\underline{\text {Output}}\\20\\25\\30\end{array}\begin{array}{c}\text {Price Per}\\\underline{\text {Unit}}\\ \$ 4 \\4\\6 \end{array}\end{array}
Refer to the data.If year 2 is chosen as the base year,the price index for year 1 is:

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Definitions:

Multiple Births

Occurrences where more than one offspring is born from a single pregnancy, such as twins, triplets, or more.

Incidence

The occurrence, rate, or frequency of a disease, crime, or something else undesirable within a given population.

ART

Assisted Reproductive Technology; a range of medical procedures used to treat infertility that involve the manipulation of sperm and eggs or embryos outside the body.

Biological Child

A child resulting from the genetic contribution of its parents, as opposed to being adopted or fostered.

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