How much goods and services will GHC2000 in January 2020 buy in October 2017.
Ans:
GHC 2000 in Jan 2020 will buy ____ in Oct 2017
CPI in Jan 2020 = 113.896 ; CPI during Oct 2017 = 96.503
2000 can buy 17.559 baskets of goods (2000 / 113.896) in Jan 2020
2000 can buy 20.724 baskets of goods (2000 / 96.503) in Oct 2017
So, in Oct-17 one can buy 18.02 % more goods and services than they will be able to buy in Jan 2020
(g) Inflation from March 2018 to March 2019
= [
Economics
You might also like to view...
A statistical tool used to measure inequality is
A) the absolute poverty rate. B) the relative poverty rate. C) the Lorenz curve. D) the Gini coefficient.
Economics
Explain how a country with a current account surplus is a ripe candidate for currency revaluation
What will be an ideal response?
Economics