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doggerfresh doggerfresh
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The table below shows hypothetical monthly cell phone plan fees for the identical service over several years.

2018$55
2019$50
2020$40
2021$35
2022$25

TABLE 2-2

Refer to Table 2-2. Assume that 2018 is used as the base year, with the index number = 100. The value of the index number in 2022 is

▸ 0.45.

▸ 45.45.

▸ 25.0.

▸ 2.5.

▸ 0.25.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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wonton1wonton1
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