Solved

If the Weekly Income from 1974 to 2015 Increased from $80

Question 66

Multiple Choice

If the weekly income from 1974 to 2015 increased from $80 to $290,but the number of standard baskets of goods that the weekly income could purchase decreased from 1.70 to 1.23 from 1974 to 2015,then we can conclude that


A) prices decreased faster than the wage increase between 1974 and 2015.
B) prices increased faster than the wage increase between 1974 and 2015.
C) prices increased slower than the wage increase between 1974 and 2015.
D) prices decreased slower than the wage increase between 1974 and 2015.

Correct Answer:

verifed

Verified

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

Related Questions