Multiple Choice
Suppose that the consumer price index has a value of 87 (1980 = 100) for 1987. This means that:
A) on average, prices rose by 13 per cent since 1980.
B) all prices fell by 13 per cent since 1980.
C) all prices rose by 87 per cent since 1980.
D) on average, prices fell by 13 per cent since 1980.
Correct Answer:
Verified
Correct Answer:
Verified
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