Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For the year ended September 2015 nominal retail sales were $78bn. For the September 2016 year they were $82bn. From September 2015 to September 2016
For the year ended September 2015 nominal retail sales were $78bn. For the September 2016 year they were $82bn. From September 2015 to September 2016 retail prices rose by 0.9 percent. The change in real retail sales was
Select one:
a.
4.2 percent.
b.
0.9 percent.
c.
5.1 percent.
d.
6.0 percent.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started