Multiple Choice
Suppose the price index in 2004 was 100;the price index in 2005 was 118;and the inflation rate between 2005 and 2006 was lower than it was between 2004 and 2005.This means that
A) the price index in 2006 was lower than 118.00.
B) the price index in 2006 was lower than 136.00.
C) the price index in 2006 was lower than 139.24.
D) the inflation rate between 2005 and 2006 was lower than 1.18 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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