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Answer to Question #52451 in Macroeconomics for victoria

Question #52451

A statistical agency measures the price index using a basket of consumer goods. This table shows the price in dollars for this basket of goods for four years.

Year Price of the
Goods Basket
1990 $500
1991 $625
1992 $690
1993 $725
4.3. In 1993:
A. The inflation rate and the price index both fell
B. The inflation rate fell but the price index increased
C. The inflation rate increased and the price index fell
D. The inflation rate and the price index both increased
Expert's answer
B. The inflation rate fell but the price index increased

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Comments

Assignment Expert
15.05.17, 18:36

Thank you for your comments. Answer was fixed

ryan dunn
15.05.17, 14:18

how come it isnt b

Jeff ghander
13.05.17, 15:57

I don't see why it would be D. Wouldn't if be B because the inflation rate fell from 10% (in 1992) to 5% (in 1993)?

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