The Rate of Inflation Can Be Found by Subtracting

question 122

Multiple Choice

The rate of inflation can be found by subtracting:

• A)the real income from the nominal income.
• B)last year's price index from this year's price index.
• C)this year's price index from last year's price index and dividing the difference by this year's price index.
• D)last year's price index from this year's price index and dividing the difference by last year's price index.

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