Multiple Choice
Which statement best represents the purpose for measuring annual inflation (or deflation) ?
A) The main purpose is to find out how much the price of gasoline has increased from year to year.
B) The main purpose is to find out whether more goods have increased (or decreased) in price compared to the number of goods whose price has decreased (or increased) .
C) The main purpose is to find out whether the overall cost of living has changed.
D) The main purpose is to find out whether the economy has produced more goods this year than last year.
E) The main purpose is to find out whether the cost of entertainment is more expensive (or cheaper) this year than last year.
Correct Answer:
Verified
Correct Answer:
Verified
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