Suppose a loaf of bread sold for $3.00 in 2008 . The price of bread then increases to $3.60 in 2009 . The price index for bread considering 2008 as the base year is _____

a. 1.20
b. 83.33
c. 120
d. 100
e. 20

c

Economics

You might also like to view...

Theories of international economics from the 18th and 19th Centuries are

A) not relevant to current policy analysis. B) only of moderate relevance in today's modern international economy. C) highly relevant in today's modern international economy. D) the only theories that actually relevant to modern international economy. E) not well understood by modern mathematically oriented theorists.

Economics

Rising healthcare costs are attributable to

A) people living longer and desiring more care. B) reliance on expensive technology to support and prolong life. C) third-party financing of healthcare costs. D) all of the above

Economics