Suppose in ​, the cost of a market basket of goods was ​$. In ​, the cost of the same market basket of goods was ​$. Calculate the price index for ​, using the price index​ formula, assume is the base year. nothing ​(Enter your response as an index number rounded to one decimal​ place.)

Respuesta :

Answer: 106.6

Explanation:

Price Index = (Market Price of basket in Current Year / Market price of basket in Base Year ) * 100

Price Index 2020 = (2,146/2,014) * 100

= 106.6 (1 d.p)