Economics JAMB

The price index computed between two time periods is given as 128%; This implies that the?
The price index computed between two time periods is given as 128%; This implies that the?The price index computed between two time periods is given as 128%; This implies that the?

A. disposable income has increased by 28%
B. living standards have fallen by 128%
C. living standards have risen by 128%
D. living standards have fallen by 28%

Correct Answer:

Option B – living standards have fallen by 128%

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Tags: economics
4 years ago

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