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A Price Index Is ____, While a Base Year ____

Question 54

Multiple Choice
A price index is ____, while a base year ____ is.
A) the year against which other years are measured; a measure of the average price level in an economy
B) a broad measure of the prices of goods and services included in the gross domestic product; the year against which other years are measured
C) a measure of the average price of goods and services purchased by the typical household; the year against which other years are measured
D) a measure of the average price level in an economy; the year against which other years are measured
E) an automatic increase in wages that matches increases in items; the year against which other years are measured

A price index is ____, while a base year ____ is.


A) the year against which other years are measured; a measure of the average price level in an economy
B) a broad measure of the prices of goods and services included in the gross domestic product; the year against which other years are measured
C) a measure of the average price of goods and services purchased by the typical household; the year against which other years are measured
D) a measure of the average price level in an economy; the year against which other years are measured
E) an automatic increase in wages that matches increases in items; the year against which other years are measured

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