If the price index is P1 in year 1 and P2 in year 3, the average inflation rate per year over this period is calculated as
A) [(P2 - P1) /P1] x [100/2]
B) [(P1 - P2) /P2] x [100/2]
C) [(P1 - P2) /P2] x 100
D) [(P2 - P1) /P1] x 100
E) (P2 - P1) x (100/2)
Correct Answer:
Verified
Q18: If the cyclical unemployment rate is greater
Q19: the rate of unemployment.
A)2 only
B)1 only
C)1 and
Q20: Suppose that a country's population is 30
Q21: In macroeconomics, the "output gap" is the
Q22: Real GDP measures
A)the annual growth rate of
Q24: If the price index is P1 in
Q25: Economic theory argues that there will be
Q26: Consider an economy in which existing capital
Q27: The unemployment rate will overstate the true
Q28: Over the last 50 years in Canada,
A)the
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