The price level at the end of 2011 minus the price level at the end of 2010 is the _____ for the year 2011.
A) inflation rate
B) change in the price level
C) change in gross national product
D) consumer price index
Correct Answer:
Verified
Q2: The inflation rate is the rate of
Q3: The consumer price index measures the:
A) total
Q4: When computing the consumer price index,the Bureau
Q5: The basket of goods bought by the
Q6: Which of the following is NOT a
Q8: If the price level in 2018 is
Q9: As a result of the changing variety
Q10: A real price is:
A) an increase in
Q11: Inflation is an increase in the:
A) value
Q12: Which measure of the average price level
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