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3. If the price index has a value of 145 in 2015 then a basket of goods that
cost $100 in the base year would cost $145 in 2015. TRUE OR FALSE

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True. see the... View the full answer

new doc 2019-10-14 22.45.06_3.jpg

-> Land of Price is measured using price index .
Value of 145 means faire of goods increased by uss .
if goods cost is $ goo in base year.
Ingo15. cost wouldbe- loo ( 17 45 4 )
I IW ( 1 . 45 ) -...

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