menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Survey of ECON
  4. Exam
    Exam 11: Introduction to Macroeconomics: Unemployment, Inflation, and Economic Fluctuations
  5. Question
    The Current Cost of a Market Basket of Goods Is
Solved

The Current Cost of a Market Basket of Goods Is

Question 59

Question 59

Multiple Choice

The current cost of a market basket of goods is $9,000. The cost of the same basket of goods in the base year was $3,000. The current price index is:


A) 900.
B) 300.
C) 166.
D) 133.
E) 400.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q54: In the 1970s, savings and loan associations

Q55: A federal program aimed at retraining the

Q56: In the expansion phase of the business

Q57: If the number of officially employed and

Q58: Who among the following will be most

Q60: Which of the following is true of

Q62: If the nominal interest rate is 6%

Q63: Bill looked for work for six months

Q64: The continuing rise in the overall price

Q112: In the nineteenth century, U.S. farmers were

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines