Based on the table above, between 2013 and 2014, the inflation rate in this country was
A) 2.5 percent.
B) -1.5 percent.
C) -2.5 percent.
D) 98.5 percent.
E) 105.1 percent.
B
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Cold turkey refers to the announcement and execution of tough measures to reduce high inflation
Indicate whether the statement is true or false
QN=74 (17772) When economists talk about growth in the economy, they measure that growth as the
a. absolute change in nominal GDP from one period to another. b. percentage change in nominal GDP from one period to another. c. absolute change in real GDP from one period to another. d. percentage change in real GDP from one period to another.
Foreign aid:
A. provided by developed countries to developing countries represents about 10 percent of the GDP of developed countries. B. is an important source of funding for investment in most developing countries. C. does not contribute much to domestic investment in most developing countries. D. is largely wasted in most developing countries because it comes with no strings attached.
Figure 5.3 presents a firm's marginal cost, average total cost, and average variable cost curves. The firm faces fixed costs of:
A. $20. B. $110. C. $130. D. $4000.