Solved

If the Price Index for 2008 Was 100 and the Price

Question 89

Multiple Choice

If the price index for 2008 was 100 and the price index for 2009 was 109,then how much did prices change between 2008 and 2009?

A) 1 percent increase
B) 8 percent increase
C) 9 percent increase
D) 12 percent increase
E) 12 percent decrease

Related Questions

Q84: The CPI tends to understate the true

Q85: Exports are an injection into the circular

Q86: In order to convert nominal GDP to

Q87: Which of the following is a leakage

Q88: Double counting in the value added approach

Q90: The consumer price index measures changes in<br>A)the

Q91: The value added at all production stages

Q92: Suppose that in year 1 the respective

Q93: Problems with a fixed-weight price index include

Q94: Leakages include any diversion from the domestic