The table below indicates the price and output data over a five-year period for an economy that produces only one good. Refer to the above data.If year 3 is chosen as the base year, the price index for year 1:
A)is 140.
B)is 40.
C)is 167.
D)is 50.

Question

The table below indicates the price and output data over a five-year period for an economy that produces only one good.  Refer to the above data.If year 3 is chosen as the base year, the price index for year 1:
A)is 140. 
B)is 40. 
C)is 167. 
D)is 50.

Quizplus · Accepted Answer

The Answer of The table below indicates the price and output data over a five-year period for an economy that produces only one good.  Refer to the above data.If year 3 is chosen as the base year, the price index for year 1:
A)is 140. 
B)is 40. 
C)is 167. 
D)is 50.

The Table Below Indicates the Price and Output Data Over