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    Exam 2: Theories, Models and Data
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    A Basket of Goods in 1987 Cost $783, While the Value
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A Basket of Goods in 1987 Cost $783, While the Value

Question 79

Question 79

Multiple Choice

A basket of goods in 1987 cost $783, while the value of the same basket in 1997 was $1133. The value of this price index in 1997, based on 1987 = 100, was:


A) 144.7.
B) 242.
C) 69.1.
D) 117.4.

Correct Answer:

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