Answer the Question Based on the Following Price and Output

question 86

Multiple Choice

Answer the question based on the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year. Refer to the above data. If year 2 is the base year, the price index for year 3 is:

• A) 120
• B) 125
• C) 133
• D) 150

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Definitions:

Medium's Ability

The capacity or skill of a medium (such as print, digital, or broadcast) to effectively convey messages or information.

Informational Cues

Visual or textual hints that help users navigate and understand content within digital environments.

Richness

In communication, it refers to the depth and quality of information transmitted between parties.

Oral Medium

A method of communication or expression that involves spoken words, as opposed to written or visual forms.