Multiple Choice
The annual rate of inflation can be found by subtracting
A) the real income from the nominal income.
B) last year's price index from this year's price index.
C) this year's price index from last year's price index and dividing the difference by this year's price index.
D) last year's price index from this year's price index and dividing the difference by last year's price index.
Correct Answer:
Verified
Correct Answer:
Verified
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