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Author Question: The table below shows Vietnam's price index between 2004 and 2007. Year Price Index 2004 115.15 ... (Read 126 times)

chads108

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on: Jun 29, 2018
The table below shows Vietnam's price index between 2004 and 2007.
 
  Year Price Index
  2004 115.15
  2005 124.65
  2006 134
  2007 145.12
  www.econstats.com
 
  From the data, we can conclude that
  A) the inflation rate 2005 and 2006 was 7.5 percent.
  B) food and energy prices in Vietnam were increasing between 2004 and 2007.
  C) commodity substitution bias occurred over the four years.
  D) deflation occurred between 2005 and 2006 as price increased more slowly than in 2004.

Question 2

An increase in technology for producing personal computers leads to
 
  A) an increase in the demand for personal computers.
  B) a decrease in the demand for personal computers.
  C) an increase in the supply of personal computers.
  D) a decrease in the supply of personal computers.


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dyrone

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

A

Answer to Question 2

C


chads108

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

xthemafja

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Reply 3 on: Yesterday
Excellent

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