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Author Question: Suppose the current price of DVDs is 16, while its base-year price is 11.50 . The value of the price ... (Read 635 times)

debasdf

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on: Jun 30, 2018
Suppose the current price of DVDs is 16, while its base-year price is 11.50 . The value of the price index for the current year is approximately:
 a. 139
  b. 39
  c. 25
  d. 160
  e. 172

Question 2

Suppose the price index is 100 in the base year and the price of a pound of oranges in that year is 1.96 . Now, if the price index changes to 105 in the following year, how much would a pound of oranges cost?
 a. 2.45
  b. 0.25
  c. 1.96
  d. 2.06
  e. 1.50


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Li Jun

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


debasdf

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

lcapri7

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  • Posts: 350
Reply 3 on: Yesterday
Wow, this really help

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