Multiple Choice
A price index:
A) always includes a base year.
B) measures the cost of purchasing a market basket of output across different years.
C) is normalized to 100 for the base year.
D) always includes a base year, measures the cost of purchasing a market basket of output across different years, and is normalized to 100 for the base year.
Correct Answer:
Verified
Correct Answer:
Verified
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