Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hostile Money Currencies In Conflict

Authors: Paul Wilson

1st Edition

075099178X, 9780750991780

More Books

Students also viewed these Economics questions

Question

2. Develop a good and lasting relationship

Answered: 1 week ago

Question

1. Avoid conflicts in the relationship

Answered: 1 week ago