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Author Question: Suppose that last year the Consumer Price Index was 124; this year it is 130.7. What was the ... (Read 62 times)

jasdeep_brar

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on: Jun 29, 2018
Suppose that last year the Consumer Price Index was 124; this year it is 130.7. What was the inflation rate between these years?
 
  A) 30.7 percent
  B) 6.7 percent
  C) 5.4 percent
  D) 5.1 percent

Question 2

According to the information, Japan's real GDP per person
 
  A) is higher than Brazil's and therefore we can definitely conclude that economic well-being is higher in Japan.
  B) is 33,000.
  C) is lower than Brazil's, but its real GDP is higher which makes standard of living higher in Japan.
  D) cannot be expected to change much given the other factors affecting GDP growth including political freedom and life expectancy.


FergA

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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