Suppose a person receives a salary of £15 000 in 2012 and the price index for the year is 115. The inflation-adjusted salary is approximately _____.
A) £17 250
B) £13 274
C) £15 000
D) £13 043
Correct Answer:
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Q18: _ accounts for the use of productive
Q19: Demand pull in?ation can be caused by:
A)
Q20: Which of the following is an example
Q21: If the value of the price index
Q22: The inflation rate is measured as _.
A)
Q24: If the inflation rate was 5 per
Q25: If the nominal rate of interest is
Q26: A sharp rise in fuel prices increases
Q27: If the inflation rate was 10 per
Q28: When does cost push in?ation occur in
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