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Author Question: If the price index in period 2 is 105 and the price index in period 3 is 122, the rate of inflation ... (Read 123 times)

jayhills49

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Question 1

If 2015 is the base year, the bundle price of goods in 2015 is $750, and the bundle price of goods in 2016 is $1,000, the 2016 price index is


◦ 75.
◦ 125.
◦ 133.3.
◦ 166.7.

Question 2

If the price index in period 2 is 105 and the price index in period 3 is 122, the rate of inflation between period 2 and period 3 is


◦ 11.6%.
◦ 12.9%.
◦ 16.2%.
◦ 17.0%.


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Marked as best answer by jayhills49 on Apr 19, 2019

jesse.fleming

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jayhills49

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Reply 2 on: Apr 19, 2019
:D TYSM


chjcharjto14

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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