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    Exam 10: Consumer Choice Theory
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    The Current Cost of a Market Basket of Goods Is
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The Current Cost of a Market Basket of Goods Is

Question 160

Question 160

Multiple Choice

The current cost of a market basket of goods is $800. The cost of the same basket of goods in the base year was $1,000. The current price index is:


A) ​120.
B) ​100.
C) ​80.
D) ​-20.

Correct Answer:

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