The price index number for year 1 is 160. The price index number for year 2 is 168. What is the percentage change in prices from year 1 to year 2?
A) 1.6%.
B) 5.0%.
C) 8.0%.
D) 105.0%
Correct Answer:
Verified
Q119: Q120: Q121: Given the following price index, what is Q122: If the overall Consumer Price Index (CPI) Q123: A price index that compares prices in Q125: Price indexes: Q126: Price indexes: Q127: Which of the following statements is true? Q128: Disinflation is a: Q129: Deflation is:
A) have little real world applicability.
B)
A) are used by firms in
A)
A) decrease in real income.
B)
A) low prices.
B) a slowing of
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