Multiple Choice
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 2 is the base year, the price index for year 3 is:
A) 120
B) 125
C) 133
D) 150
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q6: The GDP deflator or price index equals<br>A)gross
Q22: Answer the question(s) based on the following
Q28: To calculate the real GDP, Statistics Canada
Q29: (GDP figures are in billions of dollars.)
Q31: As of the publication date of the
Q34: In calculating GDP, governmental transfer payments, such
Q66: Interest on the public debt is included
Q117: GDP measured using current prices is called:<br>A)nominal
Q160: Only three goods are produced in an
Q163: The following are national income account data