Given a base year and the price index of 175% the following year, which of…

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Economics JAMB 2014

Given a base year and the price index of 175% the following year, which of the following year will arise?

  • The cost of living decreases of that year checkmark
  • The cost of living remains unchanged
  • The value of money rises by 75%
  • The value of money falls by 75%

The correct answer is: A

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