Multiple Choice
If the price index for a particular year is 75, it implies that ________.
A) prices have increased by 7.5% over the base year
B) prices have increased by 0.75% over the base year
C) prices have decreased by 0.25% compared to the base year
D) prices have decreased by 25% compared to the base year
Correct Answer:
Verified
Correct Answer:
Verified
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