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Author Question: If the price level in any country increases by 15 percent during a year, then the price index for ... (Read 49 times)

Pineappleeh

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  • Posts: 585
on: Jun 30, 2018
If the price level in any country increases by 15 percent during a year, then the price index for that year will be 85 as compared to the base year.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A price index is a measure of the average level of prices in an economy.
 a. True
  b. False
  Indicate whether the statement is true or false


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jlaineee

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

True


Pineappleeh

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  • Posts: 585
Reply 2 on: Jun 30, 2018
Gracias!

gcook

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  • Posts: 343
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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