The Inflation Rate in the Year 2007 Is Defined As

question 44

Multiple Choice

The inflation rate in the year 2007 is defined as:

• A) the ratio of the nominal GDP in 2007 and the nominal GDP in 2006.
• B) the percentage of change between the price index in 2007 and the price index in 2006.
• C) the difference between the value of the price index in 2007 and the value of the price index in 2006.
• D) the ratio of the 2007 price index and 2006 price index.

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