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Consider the Following Data on the Prices of Three Items

question 94

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Consider the following data on the prices of three items, A, B, and C, from 2000 through 2002. Consider the following data on the prices of three items, A, B, and C, from 2000 through 2002.   Which of the following is the unweighted aggregate price index for the three items for 2002, using 2001 as the base year? A)  98.48 B)  101.54 C)  109.5 D)  102.58 Which of the following is the unweighted aggregate price index for the three items for 2002, using 2001 as the base year?


Definitions:

Fiscal Policy

Government policies concerning taxation and spending to influence the economy.

Federal Budget Deficit

The financial shortfall when a government's expenditures exceed its revenues within a fiscal year.

Scientific Judgments

Decisions or conclusions that are based on scientific methods, evidence, and reasoning.

Policy Advisers

Experts who provide analysis and recommendations on public policy issues to policymakers.

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