The table below shows the price index for China starting in 2000. www.econstats.com
Which of the following statements CORRECTLY describes the behavior of prices in China?
A) The cost of the CPI basket decreased in 2002.
B) China experienced a high price level and high inflation.
C) Inflation reached 73% between the base year and 2001.
D) The inflation rate between 2005 and 2006 was 14.4 percent.

Question

The table below shows the price index for China starting in 2000.  www.econstats.com
Which of the following statements CORRECTLY describes the behavior of prices in China?
A) The cost of the CPI basket decreased in 2002. 
B) China experienced a high price level and high inflation. 
C) Inflation reached 73% between the base year and 2001. 
D) The inflation rate between 2005 and 2006 was 14.4 percent.

Quizplus · Accepted Answer

The Answer of The table below shows the price index for China starting in 2000.  www.econstats.com
Which of the following statements CORRECTLY describes the behavior of prices in China?
A) The cost of the CPI basket decreased in 2002. 
B) China experienced a high price level and high inflation. 
C) Inflation reached 73% between the base year and 2001. 
D) The inflation rate between 2005 and 2006 was 14.4 percent.

The Table Below Shows the Price Index for China Starting