Question: The formula for calculating a price index for the year 2009, using the year 2004 as a reference period is a. Price of 2009 market

The formula for calculating a price index for the year 2009, using the year 2004 as a reference period is

a. Price of 2009 market basket in 2009 Price of 2009 market

a. Price of 2009 market basket in 2009 Price of 2009 market basket in 2004 100 b. Price of 2004 market basket in 2009 Price of 2004 market basket in 2004 c. Price of 2009 market basket in 2004 Price of 2004 market basket in 2004 d. Price of 2004 market basket in 2004 Price of 2004 market basket in 2009 100 100 100

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