Author Question: If the price level in any country increases by 15 percent during a year, then the price index for ... (Read 94 times)

Pineappleeh · **on:** Jun 30, 2018

If the price level in any country increases by 15 percent during a year, then the price index for that year will be 85 as compared to the base year.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A price index is a measure of the average level of prices in an economy.
a. True
b. False
Indicate whether the statement is true or false