menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 20
  4. Exam
    Exam 6: Elasticity
  5. Question
    The Base Year Is the Year
Solved

The Base Year Is the Year

Question 104

Question 104

Multiple Choice

The base year is the year


A) in which prices are unstable.
B) in which prices are lowest.
C) in which prices are highest.
D) that serves as a reference point or benchmark.
E) in which nominal output is largest.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q99: The sum of the unemployment rate and

Q100: In an economy with a population of

Q101: Jones lost his job in industry A,but

Q102: A market basket is made up of

Q103: A worker is ​underemployed​ if she is

Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit

Q106: The unemployment rate equals the<br>A) number of

Q107: The CPI in the base year is

Q108: The CPI is based on a representative

Q109: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines