Refer to the above data. If year 2 is chosen as the base year, in years 1 and 3 the price index values, respectively, are:
a) 4 and 6.
b)6 and 4.
c)100 and 150.
d) 120 and 100.
ANSWER:
c)100 and 150.
Refer to the above data. If year 2 is chosen as the base year, in years 1 and 3 the price index values, respectively, are:
a) 4 and 6.
b)6 and 4.
c)100 and 150.
d) 120 and 100.
ANSWER:
c)100 and 150.