A basket of goods in 2005 costs $625; the same basket of goods cost $800 in 2010.If the base year is 2005, what is the value of this price index in 2005? Question 6Answer a. 78.125 b. 155 c. 128 d. 100

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A basket of goods in 2005 costs $625; the same basket of goods cost $800 in 2010.

If the base year is 2005, what is the value of this price index in 2005?

Question 6Answer

a.
78.125
b.
155
c.
128
d.
100
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