A country's consumer price index was 124.0 at the end of year 1 and 130.7 at the end of year 2.Therefore,the rate of inflation during year 2 was about:
A) 6.7 percent
B) 5.4 percent
C) 3.2 percent
D) 13.6 percent
E) 15.4 percent
Correct Answer:
Verified
Q1: A price index is:
A)a comparison of the
Q3: Which of the following is least likely
Q4: Inflation means that:
A)all prices are rising, but
Q5: Cost-of-living adjustment clauses (COLAs):
A)make the effect of
Q6: Inflation is undesirable because it:
A)arbitrarily redistributes real
Q7: Unanticipated inflation:
A)reduces the real burden of the
Q8: In a given year,a country's nominal income
Q9: If the consumer price index falls from
Q10: During a period of unanticipated deflation:
A)debtors gain,
Q11: Unanticipated inflation:
A)arbitrarily "taxes" fixed-income groups
B)increases the real
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