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Question 118

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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 2014? A) 122.5 B) 111.25 C) 90 D) 81.6
-(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 2014?


A) 122.5
B) 111.25
C) 90
D) 81.6

Correct Answer:

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