Economics JAMB

Given a base year and the price index of 175% the following year; which of the following year will arise?
Given a base year and the price index of 175% the following year; which of the following year will arise?Given a base year and the price index of 175% the following year; which of the following year will arise?

A. The cost of living decreases of that year
B. The cost of living remains unchanged
C. The value of money rises by 75%
D. The value of money falls by 75%

Correct Answer:

Option A – The cost of living decreases of that year

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4 years ago

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