The price index was 92 in 2014, and the inflation rate was 8.7 percent between 2013 and 2014 . The price index in 2013 was

a. 100.0.
b. 100.7.
c. 83.3.
d. 84.6.


d

Economics

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Refer to the figure below. Let ?X denote the price elasticity of demand at point X. Which of the following describes the relationship between ?A, ?B and ?C?

A. ?A > ?B > ?C B. ?A > ?C > ?B C. ?B > ?C > ?A D. ?C > ?B > ?A

Economics

A statistical technique used to isolate the individual effects of a number of factors on a single outcome is called

A) the audit method. B) regression analysis. C) statistical discrimination. D) taste-based discrimination.

Economics

Which of the following is most likely to lead to an increase in the rental price of apartments near your campus?

a. lower property taxes on apartment buildings b. an unexpected increase in enrollment at your college c. lower prices for the bricks used in the construction of apartments d. the building of a new large dormitory on the college campus

Economics

Government-sponsored enterprises like fannies me and Freddie Mac usually borrow at interest rates:

A. exceeding what private lenders pay. B. that are slightly below the federal funds rate. C. below what private lenders pay. D. that are the same as private lenders since they are really a private lender.

Economics