Cambridge Rose
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King`s College Choir, Cambridge - A spotless rose (Carols from King 2001)
Cambridge Rose
Inflation concepts: help!?
A country experienced an annual inflation rate of 4% for three successive years.
Which statement is correct for the three-year period?
A. The price level rose by 12%
B. The price level rose by more than 12%
C. The real value of money rose by 12%
D. The real value of money rose by more than 12%
This is a question for a past AS Cambridge Economics exam paper.. the answer is B... but i don't understand how its B... can someone please explain?
CPI (CPI measures Price Level) generally overstates inflation because it don't take into account for technological changes as it is a fixed basket of goods.
King`s College Choir, Cambridge - There is no rose of such virtue (Joubert) Carols from King1997
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