Question
In 1977 a good sold for $1.20 and the price index was 59.In 2010 the same good sold for $4.80 and the price index was
In 1977 a good sold for $1.20 and the price index was 59.In 2010 the same good sold for $4.80 and the price index was 242.Based on this information:
Group of answer choices
A. The real price of the good was lower in 1977.
B. The real price of the good was lower in 2010.
C. The real price of the good was the same in both years.
D. It is impossible to say from the information given.
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The Levelling What's Next After Globalization
Authors: Michael O'Sullivan
1st Edition
1541724089, 9781541724082
