Multiple Choice
Assume an economy that is producing only one product.Output and price data for a three-year period are as follows.Answer the question on the basis of these data.
Refer to the data.If year 2 is chosen as the base year,the price index for year 1 is:
A) 80.
B) 100.
C) 120.
D) 20.
Correct Answer:

Verified
Correct Answer:
Verified
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