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Question 221

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Use the following to answer questions: Use the following to answer questions: -(Table: Peanut Butter and Jelly) Use Table: Peanut Butter and Jelly.Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly.If 2012 is the base year,what is the value of the price index in 2013? A) 0 B) 90 C) 100 D) 111.25
-(Table: Peanut Butter and Jelly) Use Table: Peanut Butter and Jelly.Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly.If 2012 is the base year,what is the value of the price index in 2013?


A) 0
B) 90
C) 100
D) 111.25

Correct Answer:

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