If the CPI in 2008 was 100 and the CPI in 2006 was 115, then the inflation rate in 2006 is
A) 100 percent.
B) 11.5 percent.
C) 115 percent.
D) 1.5 percent.
E) none of the above.
E) none of the above.
Economics
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The fact that a firm is a price-setter does not ensure it will make a positive economic profit in the short run and over time
Indicate whether the statement is true or false
Economics
If two bundles are on the same indifference curve, then
A) the consumer derives the same level of utility from each. B) the consumer derives the same level of ordinal utility from each but not the same level of cardinal utility. C) no comparison can be made between the two bundles since utility cannot really be measured. D) B and C.
Economics