Multiple Choice
The table below shows the price index for Zimbabwe starting in 2000.
www.econstats.com
Which of the following statements CORRECTLY describe the behavior of prices in Zimbabwe?
i.The cost of the CPI basket increased.
iI.The inflation rate was 73.4 percent between 2000 and 2001.
A) I only
B) II only
C) both I and II
D) neither I nor II
Correct Answer:
Verified
Correct Answer:
Verified
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