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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%
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Correct Answer: Option A
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts