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drew911811 drew911811
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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
Textbook 

Microeconomics


Edition: 17th
Author:
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anitasaganitasag
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2 months ago
TY :)
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