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A price relative was computed for houses. The base period is 2010 . The price relative in 2015 was ...

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A price relative was computed for houses. The base period is 2010 . The price relative in 2015 was ...

A price relative was computed for houses. The base period is 2010 . The price relative in 2015 was 130 . The interpretation of the price relative is that
a. there has been a 130 increase in the price of houses from 2010 to 2015.
b. there has been a 30 increase in the price of houses from 2010 to 2015.
c. the price of houses in 2015 was 130 higher than the price in 2010.
d. It is impossible to interpret the index.

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rgasio Author

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You make an excellent tutor!

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