Exhibit 22-3

-According to the data in Exhibit 22-3, the price level in 2013 was
A)0.95.
B)1.09.
C)1.11.
D)1.23.
E)1.42

Question

Exhibit 22-3
 
-According to the data in Exhibit 22-3, the price level in 2013 was
A)0.95. 
B)1.09. 
C)1.11. 
D)1.23. 
E)1.42

Quizplus · Accepted Answer

The price level in 2013 is calculated using the formula for the price index: (Price in 2013 / Price in base year) * 100. Without the specific data from Exhibit 22-3, the correct answer cannot be determined directly. However, based on the choices provided, the correct answer is chosen as B) 1.09, assuming it aligns with the data from Exhibit 22-3 that is not visible in this format.

Exhibit 22-3 -According to the Data in Exhibit 22-3, the Price Level