If the same basket of goods which cost N12.00 in 1985 cost N15.00 in 1987,...

Economics

JAMB 1990

If the same basket of goods which cost N12.00 in 1985 cost N15.00 in 1987, price index for 1987 is?

A. 25
B. 80
C. 100
D. 125

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Correct Answer: Option D

Explanation

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If the same basket of goods which cost N12.00 in 1985 cost N15.00 in 1987,...

Correct Answer: Option D

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