menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics for Business
  4. Exam
    Exam 10: Measuring Macroeconomic Variables and Policy Issues
  5. Question
    If the Inflation Rate Was 10 Per Cent and the Price
Solved

If the Inflation Rate Was 10 Per Cent and the Price

Question 42

Question 42

Multiple Choice

If the inflation rate was 10 per cent and the price index was 120 in 2010, then what was the approximate value of the price index in 2009?


A) 130
B) 121
C) 109
D) 100

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q37: The participation rate for an economy refers

Q38: In order to reduce structural unemployment, unemployed

Q39: The central bank uses taxation in order

Q40: Which of the following is an effect

Q41: When prices are rising quickly, retailers will

Q43: If there is an increase in aggregate

Q44: The balance of payments measures all the

Q45: Inflation targeting by the central bank reduces

Q46: Which of the following is likely to

Q47: Explain the trade-off between in?ation and GDP.

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines