Multiple Choice
The formula for calculating a price index is:
A) current cost of basket ÷ base-period cost of basket.
B) base-period cost of basket ÷ current cost of basket × 100.
C) (base-period cost of basket ÷ current cost of basket) × current nominal value of basket.
D) percentage change in current cost of basket ÷ percentage change in base-period cost of basket.
Correct Answer:
Verified
Correct Answer:
Verified
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