The Table Below Indicates the Price and Output Data Over

question 172

Multiple Choice

The table below indicates the price and output data over a five year period for an economy that produces only one good.

-Refer to the above data.If year 3 is chosen as the base year,the price index for year 1:

• A) is 140.
• B) is 40.
• C) is 167.
• D) is 50.

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