Question on: JAMB Economics - 2006
The price index is calculated as
A
\(\frac{\text{weighted price}}{\text{current price}}\) x \(\frac{100}{1}\)
B
\(\frac{\text{base year price}}{\text{current price}}\) x \(\frac{100}{1}\)
C
\(\frac{\text{current price}}{\text{weighted price}}\) x \(\frac{100}{1}\)
D
\(\frac{\text{current price}}{\text{base year price}}\) x \(\frac{100}{1}\)
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Correct Option: D
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