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%

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Correct Option
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Discussions (3)

Christa_ace
3 years ago

When the price index is above hundred: 175%, it means the price of goods will increase by 75% which means the cost of living will increase q and the value of money falls by 75%. The correct answer is D

Adaobiiiii
4 years ago

d actual question shou b
given a base year100%........the difference will be 175-100 = 75%
the price index rose by 75% therefore the value of money falls by 75%

the correct answer is D

daomigreat
4 months ago

The correct answer is D oo don't be misled please my school do something about these questions

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