Multiple Choice
If in a particular price index the index number for 2011 were 196.0, then it could be concluded that prices in 2011 were:
A) 96 percent higher than in 2008.
B) 196 percent higher than in 2008.
C) 96 percent higher than in the base year.
D) 196 percent higher than in the base year.
Correct Answer:
Verified
Correct Answer:
Verified
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