The price relative is computed by dividing
a. a base-period unit price by a current unit price and multiplying the result by 100
b. a current unit price by a base-period unit price and multiplying the result by 100
c. a current unit price by a base-period unit price and dividing the result by 100
d. current price by quantity
Question 2
The quantity index is an index that is designed to measure changes in
a. the ratio of quantity divided by price over time
b. the ratio of price divided by quantity over time
c. quantity over time
d. price over time
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