The inflation rate is calculated

a. by determining the change in the price index from the preceding period.
b. by determining the change in the price index from the base year.
c. by determining the percentage change in the price index from the preceding period.
d. by determining the percentage change in the price index from the base year.

c

Economics

You might also like to view...

If we eliminated our textile tariffs, the dislocated workers could easily switch to other jobs

Indicate whether the statement is true or false

View
Economics

Explain why average total costs initially decrease and then increase as output increases

What will be an ideal response?

View
Economics