If the Parity Ratio Goes from 0

question 22

Multiple Choice

If the parity ratio goes from 0.8 to 0.7, it means that the prices received by farmers had

• A)fallen by 12.5 percent relative to the prices they paid.
• B)fallen by 10 percent relative to the prices they paid.
• C)risen by 12.5 percent relative to the prices they paid.
• D)risen by 10 percent relative to the prices they paid.

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Definitions:

Agricultural Workers

Individuals engaged in various activities related to farming, including cultivation, harvesting, and livestock rearing.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, often measured by increases in GDP, literacy rates, and access to healthcare.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, utilities, and public services.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and operating a new business or venture to bring innovations or new products to market.