44. Suppose the index of prices received by date farmers in Oman for 2000 was 1.02 and the base year of this index was 1995. Then: (e) Relative to 1995, farm prices were 102% higher in 2000 () Relative to 2000, farm prices were 2% higher in 1995 (g) Relative to 2000, farm prices were 102% higher in 1995 Relative to 1995, farm prices were 2% higher in 2000

44. Suppose the index of prices received by date farmers in Oman for 2000 was 1.02 and the base year of this index was 1995. Then: (e) Relative to 1995, farm prices were 102% higher in 2000 () Relative to 2000, farm prices were 2% higher in 1995 (g) Relative to 2000, farm prices were 102% higher in 1995 Relative to 1995, farm prices were 2% higher in 2000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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My 150 answer is incorrect. Please help me with question A. Thank you!.