Given a base year and the price index of 175% the following year, which of
ECONOMICS
JAMB 2014
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: A. The cost of living decreases of that year
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