year 1 price year 1 output year 2 price year 2 output year 3 price year 3 output a. 47.5 b. 110 video games 40 100 40 120 45 150 energy drinks 2 500 2.5 550 2.5 600 14. Using the table above, assuming year two is the base year, the price level for year 3 is c. 0.91 d. 89 and are
year 1 price year 1 output year 2 price year 2 output year 3 price year 3 output a. 47.5 b. 110 video games 40 100 40 120 45 150 energy drinks 2 500 2.5 550 2.5 600 14. Using the table above, assuming year two is the base year, the price level for year 3 is c. 0.91 d. 89 and are
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![year 1 price
year 1 output
year 2 price
year 2 output
year 3 price
year 3 output
video games
40
100
40
energy drinks
2
500
2.5
550
2.5
600
14. Using the table above, assuming year two is the base year, the price level for year 3 is
a. 47.5
b. 110
c. 0.91
d. 89
und ane
120
45
150](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff7f9471c-2103-462c-85a4-384faef7b979%2Ff6618da6-d842-402f-9d0d-a54052633c2b%2Fjs50ut_processed.jpeg&w=3840&q=75)
Transcribed Image Text:year 1 price
year 1 output
year 2 price
year 2 output
year 3 price
year 3 output
video games
40
100
40
energy drinks
2
500
2.5
550
2.5
600
14. Using the table above, assuming year two is the base year, the price level for year 3 is
a. 47.5
b. 110
c. 0.91
d. 89
und ane
120
45
150
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