Solved

The Price Index Was 110 in the First Year, 100

Question 53

Multiple Choice

The price index was 110 in the first year, 100 in the second year, and 96 in the third year. The economy experienced


A) 9.1 percent deflation between the first and second years, and 4 percent deflation between the second and third years.
B) 9.1 percent deflation between the first and second years, and 4.2 percent deflation between the second and third years.
C) 10 percent deflation between the first and second years, and 4 percent deflation between the second and third years.
D) 10 percent deflation between the first and second years, and 4.2 percent deflation between the second and third years.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents