Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
-Refer to Table 22.5. Suppose 2014 is the base year. The price index in 2014 is
A) 1,000.
B) 100.
C) 10.
D) 1.

Question

Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5 
-Refer to Table 22.5. Suppose 2014 is the base year. The price index in 2014 is
A) 1,000. 
B) 100. 
C) 10. 
D) 1.

Quizplus · Accepted Answer

In a base year, the price index is always 100. Therefore, in 2014, the price index is 100.

Refer to the Information Provided in Table 22