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Title: Suppose an index of average prices of imported goods in Canada indicates an increase in price of ...
Post by: drew911811 on Sep 26, 2022
Suppose an index of average prices of imported goods in Canada indicates an increase in price of 2.3% over a 12-month period. Over the same period the Consumer Price Index indicates an increase in the general price level of 2.3%. What is the change in the price of imports relative to the change in the overall price level?

▸ a decrease of 4.6%

▸ an increase of 2.3%

▸ a decrease of 2.3%

▸ an increase of 4.6%

▸ no change


Title: Suppose an index of average prices of imported goods in Canada indicates an increase in price of ...
Post by: anitasag on Sep 26, 2022
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