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Consider the Following Data on the Prices of Three Items

Question 1

Multiple Choice

Consider the following data on the prices of three items, A, B, and C, from 2000 through 2002. Consider the following data on the prices of three items, A, B, and C, from 2000 through 2002. Compute the unweighted price index for the three items for 2002, using 2000 as the base year. A) 98.26 B) 98.48 C) 109 D) 101.46 Compute the unweighted price index for the three items for 2002, using 2000 as the base year.


A) 98.26
B) 98.48
C) 109
D) 101.46

Correct Answer:

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