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Answer the Question on the Basis of the Following Information 80\mathbf { 8 0 }

Question 39

Multiple Choice

Answer the question on the basis of the following information about a hypothetical economy: Full-Time Employed = 80\mathbf { 8 0 }
Part-Time Employed = 25
Unemployed =15= 15
Discouraged Workers = 5
Members of Underground Economy = 6
Consumer Price Index =110= 110 Refer to the given information.The rate of inflation:


A) is 110 percent.
B) is 10 percent.
C) is 0 percent.
D) cannot be determined from the data.

Correct Answer:

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