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QUESTION 15 The rate of inflation can be found by subtracting: O this year's price index from last year's price index and dividing the difference

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QUESTION 15 The rate of inflation can be found by subtracting: O this year's price index from last year's price index and dividing the difference by this year's price index. O last year's price index from this year's price index and dividing the difference by last year's price index. O the real income from the nominal income. O last year's price index from this year's price index. QUESTION 16 A business buys $7,000 worth of resources to produce a product. The business makes 150 units of the product and each of them sells for $90. The value added by the business to these products is: O $7,000 $6,850 O $13,500 $6,500 QUESTION 17 A decrease in the overnight loans rate leads to all of the following except O an increase in imports. O an increase in the quantity of money. O an increase in exports. O an increase in consumption expenditure. O a fall in the exchange rate

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