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The current price index (base 1960) is nearly 330. This means that | |
A. | all items cost 3-3 times more than what they did in 1960 [Wrong Answer] |
B. | the prices of certain selected items have gone up to 3-3 times [Wrong Answer] |
C. | weighted means of prices of certain item has increased 3-3 times [Correct Answer] |
D. | gold price has gone up 3-3 times [Wrong Answer] |