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If the Cost of a Market Basket Is $150 in 2004

Question 33

Multiple Choice

If the cost of a market basket is $150 in 2004 and $200 in 2005, the price index for 2004 using 2005 as the base year is _____.

A) 0.75
B) 1.00
C) 1.33
D) 1.50

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