Title: Suppose the index of prices received by farmers for 2012 was 1.70 and the base year of this index ... Post by: emlaai on Mar 16, 2019 Suppose the index of prices received by farmers for 2012 was 1.70 and the base year of this index was 1996. Then • relative to 1996, prices received by farmers were 70% lower in 2012. • relative to 2012, prices received by farmers were 70% higher in 1996. • relative to 1996, prices received by farmers were 70% higher in 2012. • relative to 2012, prices received by farmers were 70% lower in 1996. Title: Suppose the index of prices received by farmers for 2012 was 1.70 and the base year of this index ... Post by: Kutthroat Kane on Mar 16, 2019 Content hidden
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