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The Table Below Indicates the Price and Output Data Over

Question 179

Multiple Choice

The table below indicates the price and output data over a five-year period for an economy that produces only one good. The table below indicates the price and output data over a five-year period for an economy that produces only one good. Refer to the above data.If year 3 is chosen as the base year, the price index for year 1: A) is 140. B) is 40. C) is 167. D) is 50. Refer to the above data.If year 3 is chosen as the base year, the price index for year 1:


A) is 140.
B) is 40.
C) is 167.
D) is 50.

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