Question: A price index is: Select one: a. a ratio of real GDP to nominal GDP b. a comparison of real GDP in one period relative

A price index is:

Select one:

a.

a ratio of real GDP to nominal GDP

b.

a comparison of real GDP in one period relative to another

c.

the cost of a basket of products in a base period divided by the cost of the same basket in another period

d.

a comparison of the price of a basket of products from a fixed point of reference

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