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    Exam 7: The Macroeconomy: Unemployment, Inflation, and Deflation
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    -If 2017 Is the Base Year, What Is the Price
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-If 2017 Is the Base Year, What Is the Price

Question 184

Question 184

Multiple Choice

  -If 2017 is the base year, what is the price index for a market basket of goods for 2018 in the above table? A)  97.3 B)  102.8 C)  128.0 D)  Zero, since the price of CDs fell and the price of gasoline increased
-If 2017 is the base year, what is the price index for a market basket of goods for 2018 in the above table?


A) 97.3
B) 102.8
C) 128.0
D) Zero, since the price of CDs fell and the price of gasoline increased

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