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If the price index in year A is 130, this means that: [ B) Prices in year A are on average 13 times that in
If the price index in year A is 130, this means that: [ B) Prices in year A are on average 13 times that in the base year C) Prices in year A are on average 130 percent higher than in the base year C D) Prices in year A are on average 30 percent higher than in the base year A) Nominal GDP is 130 percent higher than real GDP in year A
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
