If the price level is 100 in one year and rises to 102 the next year, then the inflation rate is
A) 0.02 percent.
B) 100 percent.
C) 102 percent.
D) 2.0 percent.
E) unable to be determined without knowing potential GDP.
D
Economics
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When the dollar price of a British pound is $0.80, it is correct to state that an American traveling in England will receive ________ pounds per dollar
A) 1.25 B) 8 C) 80 D) 125
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