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Question 3 The table below indicates the price and output data over a five-year period for an economy that produces only one good. Year Units of output Price per unit 8 $2 10 3 15 18 20 6 Refer to the above data. If year 3 is chosen as the base year, the price index for year 1: O is 40. O is 50. is 140 O is 167