Author Question: Refer to Table 20-5. Consider the following values of the consumer price index for 2015 and 2016. ... (Read 63 times)

Collmarie · **on:** Jun 29, 2018

Refer to Table 20-5. Consider the following values of the consumer price index for 2015 and 2016. The inflation rate for 2016 was equal to

A) 215 percent. B) 21.5 percent. C) 8.0 percent. D) 3.9 percent.

Question 2

Real GDP will increase

A) only if the quantity of final goods and services produced rises.
B) if either the price level rises or the quantity of final goods and services produced rises.
C) only if the price level rises.
D) only if the price level falls.