If P_t is the Price of Good X in Period

question 72

Multiple Choice

If p_t is the price of good X in period t, and p₀ is the base period price, which of the following is the equation for a simple price index for good X?

• A) × 100
• B) × 100.
• C) × 100.
• D) p_t - p₀ × 100.