Multiple Choice
A price index can be constructed by:
A) dividing the value of a market basket by the rate of inflation.
B) dividing the current-year value of a market basket by the base-year value of the same market basket and multiplying by 100.
C) multiplying the value of a market basket by the rate of inflation.
D) multiplying the current-year value of a market basket by the base-year value of the same market basket and dividing by 100.
Correct Answer:
Verified
Correct Answer:
Verified
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