If the Consumer Price Index changes from 120 in the year 2012 to 126 in the year 2014,the average rate of inflation per year over this two-year period is approximately
A) 6%.
B) 5%.
C) 3%.
D) 2.5%.
E) 1.5%.
Correct Answer:
Verified
Q69: If nominal national income increased by 10%
Q74: The three main reasons that Canada's real
Q78: Why is real income for an average
Q78: What is the approximate measure (2014 data)of
Q81: If constant-dollar national income decreased by $6
Q82: If nominal national income increased by 20%
Q83: Economic theory argues that there will be
Q93: A worker currently earning $3000 per month
Q97: Since 1960,in Canada the price level has
Q99: If a country is experiencing inflation,the change
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