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Question
The formula for computing a basic price index is
A) (cost of market basket today/cost of market basket in base year) 100.
B) (cost of market basket in base year/100) cost of market basket today.
C) (cost of market basket in base year/cost of market basket today) 100.
D) (100/cost of market basket in base year) + cost of market basket today.
Answer
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