The table below shows the price index for Zimbabwe starting in 2000.
www.econstats.com
Which of the following statements CORRECTLY describe the behavior of prices in Zimbabwe?
i.The cost of the CPI basket increased.
iI.The inflation rate was 73.4 percent between 2000 and 2001.
Definitions:
Residual Value
The estimated value that an asset will have at the end of its useful life.
Gross Profit
The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Consolidated Net Income
The total net income of a parent company and its subsidiaries, after the elimination of inter-company transactions and balances.
Non-Controlling Interest
A minority stake in a company or subsidiary where the shareholder does not have control over company's policies or decisions.
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