The price index computed between two time periods is given as 128%,This implies that the

Economics JAMB 2005

The price index computed between two time periods is given as 128%,This implies that the

  • disposable income have increased by 28%
  • living standards have fallen by 128% checkmark
  • living standards have risen by 128%
  • living standards have fallen by 28%

The correct answer is: B

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