Suppose a Price Index for a Certain Basket of Goods

Multiple Choice

Suppose a price index for a certain basket of goods and services has a value of 150 in 2018 and a value of 156 in 2019.This index suggests that the cost of the market basket of goods and services

A) was 4% higher in 2019 than in 2018.
B) was 6% lower in 2019 than in 2018.
C) was 6% higher in 2019 than in 2018.
D) was 156% higher in 2019 than in 2018.
E) was approximately the same in 2019 and 2018.