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You look up the NZ CPI and the US CPI for the December 2015 quarter and find the NZ value is 1150 and the US
You look up the NZ CPI and the US CPI for the December 2015 quarter and find the NZ value is 1150 and the US value is 115. From this you can conclude
Select one:
a.
there is no difference in the price level of the two nations.
b.
that the price level in the US is lower than the NZ price level.
c.
that the NZ price level is ten times that of the US.
d.
nothing without having another value for each country.
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