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
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:
- 89.3
- 96.0
- 104.0
- 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.
Similar Questions
f the price of a market basket of goods in year 1 is $10 and $12 in year 3 and the base year is year 1, the price index for year 3 is
The cost of a consumer basket is $234 in 2012, $240 in 2013, and $245 in 2014.If the base year (=100) is 2013, what is the value of your CPI in 2012?
Calendar of 2013 is related to calendar of 2015 same as calendar of 1977 to which one of the following year?Question 39Answera.1990b.1985c.1991d.1981
The table shows consumer price index data for the United States. Based on this information, what was the rate of inflation in 1993 (i.e., from 1992 to 1993)?
The consumer price index is the index most often used to measureChoose one answer from the options below.unemploymentper capita incomeinflationthe labor force
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.