Answered: The cost of basket of goods in Year 1…

The cost of basket of goods in Year 1 is $200 and the cost of the basket of goods in Year 2 is $225. If Year 1 is used as base year, the Year 2 price index is: a) 80 b) 112.5 c) 66.67 d) 150

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Q25 MCQ

The cost of basket of goods in Year 1 is $200 and the cost of the basket of goods in

Year 2 is $225. If Year 1 is used as base year, the Year 2 price index is:

a) 80
b) 112.5
c) 66.67
d) 150

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