Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
What is the composite index in 2014?
Group of answer choices
172
120
153.5
130
![Refer to the table below for the index of housing construction cost.
Type of Housing
Single Unit
Duplex
Multiple Units
%
70
5
25
Reference Year ($/ft²)
I = 100
41
38
33
2014 ($/ft²)
62
57
53](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff9d5e235-7390-4566-9fd0-d356f2d3d35e%2Fc15ce1f4-1f55-493f-bf64-20f63ff5783a%2Fcuiznb_processed.png&w=3840&q=75)
Transcribed Image Text:Refer to the table below for the index of housing construction cost.
Type of Housing
Single Unit
Duplex
Multiple Units
%
70
5
25
Reference Year ($/ft²)
I = 100
41
38
33
2014 ($/ft²)
62
57
53
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