Table 24-15
The following table shows the prices of good X and good Y for 2013-2015. In addition, assume the basket of goods used to compute the Consumer Price Index consists of 3 units of good X and 4 units of good Y.
-Refer to Table 24-15. The inflation rate in 2014 was
A) 57%.
B) 63%.
C) 70%.
D) 75%.
Correct Answer:
Verified
Q2: Which of the following statements is correct?
A)The
Q7: Economists use the term inflation to describe
Q9: The CPI is more commonly used as
Q82: When the consumer price index rises, the
Q138: The consumer price index is used to
A)monitor
Q149: Which of the following is correct?
A)The GDP
Q187: The CPI for all goods and services
Q556: Table 24-14
The following table shows some values
Q560: Table 24-14
The following table shows some values
Q564: The inflation rate you are likely to
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