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

The price index computed between two time periods is given as 128%,This implies that the
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  • A Disposable income have increased by 28%
  • B Living standards have fallen by 128%
  • C Living standards have risen by 128%
  • D Living standards have fallen by 28%
Correct Answer: Option B
Explanation:

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