Consider a nation in which the price index last year was 130 and this year it is 150.Which statement is correct?
A) Inflation was 20 percent this year.
B) Deflation was 20 percent this year.
C) Housing prices must have risen.
D) Inflation was 15 percent this year.
E) Deflation was 15 percent this year.
Correct Answer:
Verified
Q46: If people bought the same market basket
Q47: Refer to the following figure to answer
Q48: Michael Chang buys only tennis rackets during
Q49: The percentage change in any economic variable,including
Q50: Refer to the following table to answer
Q52: In Bovania,milk constitutes 56 percent of the
Q53: Suppose that the consumer price index of
Q54: Refer to the following figure to answer
Q55: Consider a nation in which the price
Q56: Refer to the following figure to answer
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents