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Given a base year and the price index of 175% the following year, which of the ...
Classroom
Economics Classroom
Jamb
Jamb 2014
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Given a base year and the price index of 175% the following year, which of the following year will arise?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
The cost of living decreases of that year
B
The cost of living remains unchanged
C
The value of money rises by 75%
D
The value of money falls by 75%
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Correct Answer:
Option A
Explanation:
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