Utme 2017 Economics Question 16

Practice objective / multiple choice question 16 from the 2017 Utme Economics examination. This question covers Price Index .

Utme 2017 Economics Objective / Multiple Choice 2 Difficulty

Topic: Price Index

Question 16 UTME • 2017 • ECONOMICS • objective

The price index is calculated as

A. \( \frac{\text{current price}}{\text{weighted price}} \times \frac{100}{1} \)

B. \( \frac{\text{base year price}}{\text{current price}} \times \frac{100}{1} \)

Correct Answer C. \( \frac{\text{current price}}{\text{base year price} } \times \frac{100}{1} \)

D. \( \frac{\text{weighted price}}{\text{current price} } \times \frac{100}{1} \)

Correct Answer

Correct Option:

\( \frac{\text{current price}}{\text{base year price} } \times \frac{100}{1} \)

This is Utme 2017 Economics Question 16. It is one of the objective questions from the 2017 Utme Economics examination.

The question covers Price Index .

Difficulty level: 2 .

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