If the cost of apparel increases by 50 percent, then, other things the same, the CPI is likely to increase by about a)3.0 percent. b) 11.8 percent. c)1.5 percent. d) 0.5 percent.
If the cost of apparel increases by 50 percent, then, other things the same, the CPI is likely to increase by about a)3.0 percent. b) 11.8 percent. c)1.5 percent. d) 0.5 percent.
Chapter17: Inflation
Section: Chapter Questions
Problem 5SQ
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If the cost of apparel increases by 50 percent, then, other things the same, the CPI is likely to increase by about
a)3.0 percent.
b) 11.8 percent.
c)1.5 percent.
d) 0.5 percent.
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