Solved

If 2016 Is the Base Year and the Price Index

Question 180

Multiple Choice

If 2016 is the base year and the price index in 2017 is 109, then prices in 2017 are _____ than prices in 2016.

A) 1 percent higher
B) 8 percent higher
C) 9 percent higher
D) 10 percent higher
E) 12 percent higher

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