The real cost of buying a market basket of 25 important commodities in 2019 compared to the cost in the 1845-1850 base period in The Economist's Commodity Price Index is

A) higher by about 100 percent.
B) about the same or equal.
C) lower by about 60 percent.
D) higher by about 50 percent.

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ankita singh · Accepted Answer

Final Answer : C, Explanation :  The real cost of buying a market basket of 25 important commodities in 2019 compared to the 1845-1850 base period has decreased, reflecting improvements in production efficiency and technology over time, which have made commodities cheaper in real terms.

The real cost of buying a market basket of 25 important commodities in 2019 compared to the cost in the 1845-1850 base period in The Economist's Commodity Price Index is

A) higher by about 100 percent.
B) about the same or equal.
C) lower by about 60 percent.
D) higher by about 50 percent.

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Learning Objectives

Related questions

The real cost of buying a market basket of 25 important commodities in 2019 compared to the cost in the 1845-1850 base period in The Economist's Commodity Price Index isA) higher by about 100 percent.B) about the same or equal.C) lower by about 60 percent.D) higher by about 50 percent.

Definitions

Learning Objectives

Learning Objectives

Related questions

The real cost of buying a market basket of 25 important commodities in 2019 compared to the cost in the 1845-1850 base period in The Economist's Commodity Price Index is

A) higher by about 100 percent.
B) about the same or equal.
C) lower by about 60 percent.
D) higher by about 50 percent.