Multiple Choice
If this year's price index number for good X is 125, then good X is:
A) currently priced at $125.
B) priced 25 percent higher this year than in the base year.
C) priced 125 percent higher this year than in the base year.
D) priced 125 percent higher in the base year than this year.
Correct Answer:
Verified
Correct Answer:
Verified
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