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If 2016 Is the Base Year and the Price Index

Question 39

Multiple Choice

If 2016 is the base year and the price index in 2017 is 90, prices in 2017 are _____ from prices in 2016.

A) 1 percent higher
B) 10 percent higher
C) 10 percent lower
D) 9 percent higher
E) unchanged

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