Assume that the current price of a market basket of goods is $2,500 and the base year price of the same market basket is $2,000. The current price index is

Respuesta :

Answer:

125

Explanation:

Calculation for the current price index using this formula

Current price index =Current price/Base year price

Let plug in the formula

Current price index=$2,500/$2,000

Current price index=1.25*100

Current price index=125

Therefore the Current price index is 125

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