The cost of the market basket in October is $180 and the cost of the...

Question

Question

The cost of the market basket in October is $180 and the cost

of the market basket in November is $200. What is the price

index equal to in November?

a. 20

b. 100

c. 111

d. 1.11

business economics

Answer 1

Answer #1

the price index in november is 111. the answer is "C".

(200 -180) / 180 x 100 = 11.11. 100 will be added to this. So, the answer will be C.

Answer 2

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