Given a base year and the price index of 175 th... - JAMB Economics 2014 Question
Given a base year and the price index of 175% the following year, which of the following year will arise?
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%
correct option: a
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