If the inflation rate in 2014 was 12.5 percent and the price index for 2012 (the base year) was 100, the price index for 2014 was _____

a. 120.5
b. 121.5
c. 112.5
d. 102.5

c

Economics

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The clearest indicator of a switch to a less expansionary fiscal policy is a

A) rise in the actual deficit. B) fall in the actual deficit. C) rise in the natural employment deficit. D) fall in the natural employment deficit.

Economics

Why, according to behavioral economics, would supermarkets place gum, candy, and other small convenience items near the cash registers?

A. Those are the shelving locations that minimize costs. B. Stores try to make frequently purchased items quicker and easier for consumers to access. C. Smaller items tend to fall through shopping cart holes, so stores reduce that problem for consumers by having smaller items at the checkout stands. D. Many of these are small items that people will buy on an impulse.

Economics