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Author Question: If the price index in period 3 is 125 and the price index in period 4 is 140, the rate of inflation ... (Read 65 times)

karen

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Question 1

Which of the following would normally NOT be considered as a macroeconomic issue?
◦ Inflation
◦ Economic growth
◦ The price of butter
◦ Unemployment

Question 2

If the price index in period 3 is 125 and the price index in period 4 is 140, the rate of inflation between period 3 and period 4 is
◦ 10.7%.
◦ 15%.
◦ 12%.
◦ cannot be determined from this information because the base year is not known.


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Marked as best answer by karen on May 25, 2020

deja

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karen

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review


hollysheppard095

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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