If a basket of commodities cost N120 in the base year and...
If a basket of commodities cost N120 in the base year and N240 in the current year, calculate the price index
100
200
240
300
Correct answer is B
Price index is gotten by diving the current market price by the base year price. Hence we have;
Price index = 240/120
x 100 = 200
The function of money which makes division of labour possible is its ...
Wholesalers are often criticized because they ...
The largest component of national income in developing countries consist of ...
The best technical description of a progressive tax is a ...
Which of the following items is NOT an argument for locating industries in rural areas? ...
Macroeconomics focuses on the following units in an aggregative manner ...
Which of the following is NOT a cause of inflation? ...
The price of a good will not be affected by the imposition of a sales tax on it if the ...