Abasket of goods costs $200 in the base year and $210 just twelve months later. the price index in the second year is ..

105%.

Explanation:

Price index = (price of Market Basket of the year of interest / price of the Market Basket of the base year) × 100

Given,

Cost of basket of goods in base year = $200

Cost of basket of goods in year of interest = $210

Price index in year of interest (second year) = (210/200) × 100

                                                                         = 105%

The price index in the second year is 105%.

answer; /// the above statement is (true);

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.