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lstar1993 lstar1993
wrote...
Posts: 498
5 years ago

Suppose the index of prices received by farmers for 2000 was 1.02 and the base year of this index was 1995. Then



• relative to 1995, farm prices were 102% higher in 2000.

• relative to 2000, farm prices were 2% higher in 1995.

• relative to 2000, farm prices were 102% higher in 1995.

• relative to 1995, farm prices were 2% higher in 2000.
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
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Replies
wrote...
5 years ago
relative to 1995, farm prices were 2% higher in 2000.
lstar1993 Author
wrote...
5 years ago
Thank you, thank you, thank you!
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