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mbowdish mbowdish
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Posts: 470
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5 years ago

Question 1.

The index used most often to measure inflation is the



▸ producer price index.

▸ consumer price index.

▸ wholesale price index.

▸ GDP deflator.

Question 2.

If the CPI in 2015 was 114.7 and the CPI in 2016 was 124.5, then the rate of inflation between 2015 and 2016 was



▸ 7.9%.

▸ 8.5%.

▸ 9.8%.

▸ 14.7%.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Answer verified by a subject expert
ShaeTime3ShaeTime3
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Posts: 368
5 years ago
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mbowdish Author
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5 years ago
Thanks
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