Multiple Choice
Suppose that the chain-weighted index for GDP in Gambia was 275 in 2011 and 350 in 2012. The inflation rate between those two years was approximately
A) 20.2 percent.
B) 27.3 percent.
C) 37.5 percent.
D) 75 percent.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q72: In periods when GDP fails to grow
Q73: Suppose an economy consists of 500,000 individuals
Q74: The existence of discouraged workers will lead
Q75: Recall the Application about the impact of
Q76: Table 6.2<br>The following table lists the basket
Q78: If a large number of workers are
Q79: What is hyperinflation?
Q80: Recall the Application about the time involved
Q81: Table 6.1<br>Employment status of the working age<br>population
Q82: If you negotiated a salary based on