bigmike6165 bigmike6165
  • 02-01-2020
  • Business
contestada

In 2013, the price for a market basket of consumer goods is $800. In the base year, the cost of the identical market basket was $1,000. The price index in this case is

Respuesta :

princessesther2011
princessesther2011 princessesther2011
  • 04-01-2020

Answer:

The price index is 0.8

Explanation:

Price index = price of consumer goods in 2013/price of consumer goods in the base year = $800/$1000 = 0.8

Answer Link

Otras preguntas

What is the best estimate for the product of 289 and 7?
Theo bought these items shoes that cost $19.99 socks that cost $ 4.19, a shirt that costs $ 8.50 and pants that cost $27.75. how can he estimate the total cost
round to the nearest hundredth. 84.562
The rain shadow effect is used to describe rainfall around certain mountain ranges. Which of the following statements is true? (A) The northern hemisphere and
What is 45/60 in simplest form
Round up 47125 to the nearest tens, hundreds, thousands, ten thousands
when you convert 100 feet per second to inches per second will there be more or less then 100 inches expain
How is 4/10 and 4/100 the same
20-4(4-3x)-7x=16-2(7-4x)
Show two ways to decompose the number 749