In the following index: 2003 = 123.3; 2004 = 145.3; 2005 = 111.4; 2006 = 100; 2007 = 94.3, what is the rate of change from 2006 to 2007?

a. 5.7%
b. 5%
c. 4.3%
d. 2.5%
e. unable to determine

A

Economics

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Tomato sauce and spaghetti noodles are complementary goods. A decrease in the price of tomatoes will

a. increase consumer surplus in the market for tomato sauce and decrease producer surplus in the market for spaghetti noodles. b. increase consumer surplus in the market for tomato sauce and increase producer surplus in the market for spaghetti noodles. c. decrease consumer surplus in the market for tomato sauce and increase producer surplus in the market for spaghetti noodles. d. decrease consumer surplus in the market for tomato sauce and decrease producer surplus in the market for spaghetti noodles.

Economics

A. the production possibilities curves of such nations are more bowed out from the origin. B. the production possibilities curves of such nations have shifted inward. C. the production possibilities curves of such nations have shifted outward. D.

these nations are operating at some point outside of their production possibilities curves. A. have a less concave production possibilities curve. B. produce at some point closer to its production possibilities curve. C. be able to produce at some point outside of its production possibilities curve. D. produce more consumer goods and fewer investment goods.

Economics