If the CPI declines from 200 to 190, prices have declined by
A. 5%.
B. 10%.
C. 19%.
D. 20%.
A. 5%.
You might also like to view...
A program likely to make a big dent in chronic poverty is:
A. unemployment insurance. B. health insurance. C. job training. D. none of the above are likely to be effective in reducing chronic poverty.
Suppose the consumer price index (CPI) for Year X is 130 . This means the average price of goods and services is:
a. currently $130. b. 130 percent more in Year X than in the base year. c. 130 percent more in the base year than in Year X. d. priced at 30 percent more in Year X than in the base year.
A country's financial account includes which of the following?
a. net investment income b. net transfers c. exports d. imports e. sales of assets to other countries
What are the three sources of funding for the public sector? Can the government rely on all of these sources in the long run? Explain
What will be an ideal response?