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If 2014 is the base year, the price index in 2013 isChoose one answer from the options below.89.396.0104.0111.9

Question

If 2014 is the base year, the price index in 2013 is

Choose one answer from the options below.

  • 89.3
  • 96.0
  • 104.0
  • 111.9
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Solution

To determine the price index for the year 2013 given that 2014 is the base year, we can infer that in the base year, the price index is set to 100. Therefore, to find the price index for 2013, we would assess the options and note that a price index below 100 would indicate a deflation in comparison to the base year (2014).

Given the options:

  1. 89.3
  2. 96.0
  3. 104.0
  4. 111.9

Since 2013 is prior to the base year 2014, it makes sense that the index would be below 100. Among the choices, the only values below 100 are 89.3 and 96.0. However, without additional context, we cannot definitively choose between these two options.

To summarize:

  • In a price index where 2014 is the base year (index = 100), the price index for 2013 should logically be below 100.
  • The potential acceptable choices for the index value for 2013 are either 89.3 or 96.0, both indicating a drop in prices relative to the base year_.

Final Answer

The price index in 2013 is likely 89.3 or 96.0, but further context would be needed to choose definitively between them.

This problem has been solved

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